Online gaming firm rel=”dofollow” href=”https://economictimes.indiatimes.com/nazara-technologies-ltd/stocks/companyid-67911.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Nazara Technologies, which has been on an acquisition spree, has earmarked Rs 800–1,000 crore ($94-117 million) this year to fuel inorganic growth, chief executive Nitish Mittersain told ET.
The company is targeting global ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/gaming-studios” target=”_blank”>gaming studios with established intellectual properties, strong teams, annual revenue of around Rs 100 crore and an earnings margin before interest, taxes, depreciation and amortisation ( ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ebitda-margin” target=”_blank”>Ebitda margin) of at least 20% for acquisition.
Nazara is also open to pursuing deals that are larger than these and may raise…
