Nazara Technologies-owned NODWIN Gaming has acquired esports broadcasting platform StarLadder for an initial consideration of $5.5 Mn
The acquisition of 100% of the share capital of StarLadder will be a combination of secondary sale and stock swap, as per the filing
Post the acquisition, StarLadder will become a fully-owned subsidiary of NODWIN Gaming Pte
Listed gaming major Nazara Technologies-owned NODWIN Gaming has acquired esports broadcasting platform StarLadder for an initial consideration of $5.5 Mn (INR 47.65 Cr).
In a regulatory filing, the company said, “The acquisition of 100% of the share capital of StarLadder will be a combination of secondary sale and stock swap of NODWIN Gaming Pte shares for an initial consideration of up to $5.5 Mn.”
Furthermore, the additional consideration will be payable on meeting the earn-out targets, the filing added.
Post the acquisition, StarLadder will become a fully-owned subsidiary of NODWIN Gaming Pte.
(The story will be updated soon.)
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
