Nazara Technologies acquires 67% stake in Sportskeeda for Rs 44 cr

Nazara did not reveal the turnover that Sportskeeda made last year but said the new property will add 25 million monthly active users (MAUs) to Nazara's network

Mobile gaming company Nazara Technologies on Wednesday said it has acquired 67 per cent stake in sports news website Sportskeeda for a total consideration of Rs 44 crore. The deal has given an exit to Seed Fund, an early investor in Sportskeeda.

Nazara managing director Nitish Mittersain said his company had been considering the acquisition for sometime given the synergies between the platforms. Nazara operates fantasy sports platform Hala Play and e-sports leagues through Nodwin Gaming, two companies where it acquired majority stake recently.

Earlier, Nazara had partnered with Sportskeeda for content syndication. Post the acquisition, Sportskeeda will continue to