Nazara ends majority control in Nodwin ahead of internal fundraise

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Nazara Technologies on Wednesday said that it will no longer retain majority control in its subsidiary Nodwin Gaming. The decision comes as Nodwin prepares to raise new capital from existing shareholders to fund expansion in esports and youth media.

Nazara has chosen not to participate in the upcoming round, which will reduce its shareholding in Nodwin to below 50%, the company said in a stock exchange filing. However, it will…



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Nazara ends majority control in Nodwin ahead of internal fundraise


Nazara Technologies on Wednesday said that it will no longer retain majority control in its subsidiary Nodwin Gaming. The decision comes as Nodwin prepares to raise new capital from existing shareholders to fund expansion in esports and youth media.

Nazara has chosen not to participate in the upcoming round, which will reduce its shareholding in Nodwin to below 50%, the company said in a stock exchange filing. However, it will…



Source link

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.

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