Online gaming company Nazara Technologies has acquired UK-based PC and console game publisher Curve Games for Rs 247 crore (£21.7 million), marking its biggest international acquisition to date as it seeks to strengthen its presence in the global gaming market.
The acquisition gives Nazara complete ownership of Curve, which has a strong portfolio of indie games such as Human Fall Flat, For the King, and Lawn Mowing Simulator. These titles have collectively clocked over 100 million downloads globally.
With this move, Nazara is looking to diversify beyond mobile gaming into the more lucrative PC and console segments, valued at over $100 billion globally.
“Today, one of our key focus areas is to focus on the core gaming business. Today, Nazara is in the gaming, esports and adtech business. But going forward, a lot of our capital allocation is going to happen on core gaming businesses in terms of gaming studios, gaming IPs, and publishing. This (acquisition) is in tune with that policy,” Nazara CEO Nitish Mittersain told ET.
“There is a very big India opportunity here as we are seeing a lot of Indian developers building a lot of games on PC platforms. Now, with Curve, Nazara can become a bridge for developers to publish their games at a global level," he added.
Curve reported revenues of Rs 263.5 crore and earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 114.4 crore in 2024.
"Joining the Nazara family is an exciting new chapter for Curve. Nazara's ecosystem, access to emerging markets and long-term orientation maķe them a strong strategic partner. We are aligned in our vision of building a leading global indie publishing platform, and we look forward to the next phase of growth together,” said Stuart Dinsey, executive chairman of Curve Games.
On April 18, ET reported that Mumbai-based Nazara has earmarked Rs 800–1,000 crore this year to fuel inorganic growth, particularly targeting global gaming studios with established intellectual properties, strong teams, and annual revenue of around Rs 100 crore.
In August 2024, Nazara acquired UK-based gaming studio Fusebox Games for Rs 228 crore in an all-cash transaction.
Other notable acquisitions include Moonshine Technology, Comic Con India, marketing firm Publishme, which focuses on West Asia and Turkey, Singapore-based events company Branded, Turkish esports firm Ninja Global, and Paper Boat Apps, the creator of Kiddopia.
Nazara shares were trading at Rs 1,292.8 on the BSE as of 2:29 pm.
The acquisition gives Nazara complete ownership of Curve, which has a strong portfolio of indie games such as Human Fall Flat, For the King, and Lawn Mowing Simulator. These titles have collectively clocked over 100 million downloads globally.
With this move, Nazara is looking to diversify beyond mobile gaming into the more lucrative PC and console segments, valued at over $100 billion globally.
“Today, one of our key focus areas is to focus on the core gaming business. Today, Nazara is in the gaming, esports and adtech business. But going forward, a lot of our capital allocation is going to happen on core gaming businesses in terms of gaming studios, gaming IPs, and publishing. This (acquisition) is in tune with that policy,” Nazara CEO Nitish Mittersain told ET.
“There is a very big India opportunity here as we are seeing a lot of Indian developers building a lot of games on PC platforms. Now, with Curve, Nazara can become a bridge for developers to publish their games at a global level," he added.
Curve reported revenues of Rs 263.5 crore and earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 114.4 crore in 2024.
"Joining the Nazara family is an exciting new chapter for Curve. Nazara's ecosystem, access to emerging markets and long-term orientation maķe them a strong strategic partner. We are aligned in our vision of building a leading global indie publishing platform, and we look forward to the next phase of growth together,” said Stuart Dinsey, executive chairman of Curve Games.
On April 18, ET reported that Mumbai-based Nazara has earmarked Rs 800–1,000 crore this year to fuel inorganic growth, particularly targeting global gaming studios with established intellectual properties, strong teams, and annual revenue of around Rs 100 crore.
In August 2024, Nazara acquired UK-based gaming studio Fusebox Games for Rs 228 crore in an all-cash transaction.
Other notable acquisitions include Moonshine Technology, Comic Con India, marketing firm Publishme, which focuses on West Asia and Turkey, Singapore-based events company Branded, Turkish esports firm Ninja Global, and Paper Boat Apps, the creator of Kiddopia.
Nazara shares were trading at Rs 1,292.8 on the BSE as of 2:29 pm.
