Nazara eyes full acquisition of Kiddopia in $36m deal
| Date | Type | Companies Involved | Size |
|---|---|---|---|
| Jul 2, 2024 | acquisition | Nazara | $36m |
- Kiddopia continues to record steady decline in subscriber numbers
India-based games publisher Nazara Technologies is set to acquire the remaining 49% stake in learning app Kiddopia for ₹300 crore ($36 million), according to a report.
CNBC-TV18 cited sources that claimed the deal could be finalised by the end of the month. Nazara previously purchased a 51% stake in Kiddopia, developed by Paper Boat Apps, in 2020.
During the year ending March 31st, 2024, Kiddopia saw an 18% year-on-year decrease in subscribers, to around 250,000.
Nazara's continues growth
A Kiddopia deal would mark the latest move from Nazara as it ramps up its investments and acquisitions.
In March earlier this year, the company also pledged $100 million for mergers and acquisitions over the next 24 months to strengthen its global presence.
Nazara recently signed a deal with nCore to publish its upcoming multiplayer shooter FAU-G: Domination. Meanwhile, last week its subsidiary Nodwin Gaming acquired a 100% stake in esports and games marketing agency Freaks 4U Gaming.
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