Nazara Technologies’ Subsidiary, Nodwin Gaming International, Invests €8 Million in Freaks 4U Gaming
Nazara Technologies Ltd.’s shares rose by 1.67 per cent after its subsidiary, Nodwin Gaming International, made a significant investment of €8 million in Freaks 4U Gaming. This investment, which was initially made through a convertible loan agreement of €3.6 million, has now been converted into equity. Both companies have agreed to leverage each other’s resources, personnel, equipment, and facilities, to enhance their presence in the gaming industry.
Collaborative Partnership in the Gaming Industry
As part of the agreement, Nodwin Gaming International and Freaks 4U Gaming will join forces to maximize their reach in different markets. Nodwin will gain access to Freaks 4U Gaming’s network in developed markets, the PC ecosystem, and full-service capabilities. In return, Freaks 4U Gaming will have access to Nodwin’s emerging market network and facility capabilities in the mobile esports and youth culture ecosystems.
Strengthening the Relationship between Nodwin Gaming and Freaks 4U Gaming
Akshat Rathee, the co-founder of Nodwin Gaming, expressed his excitement about the growing partnership with Freaks 4U Gaming. Rathee mentioned that their collaboration in the realms of PC and mobile gaming is becoming stronger. The financial contribution made by Nodwin Gaming International is a testament to their commitment to advancing together in this shared venture.
Positive Market Response to the Investment
The market has responded positively to Nodwin Gaming International’s investment in Freaks 4U Gaming, with shares of Nazara Technologies Ltd. increasing by 1.67 per cent. The shares are currently valued at ₹886.45 on the BSE.
The Future of Nodwin Gaming and Freaks 4U Gaming
The investment from Nodwin Gaming International marks an important milestone in the journey of both companies. By leveraging each other’s strengths and capabilities, they aim to explore new avenues for cooperation and expand their presence in the gaming industry. This collaborative approach is expected to benefit both companies and contribute to their long-term success.
Commitment to Advancement and Growth in the Gaming Industry
The investment by Nodwin Gaming International in Freaks 4U Gaming highlights their unwavering commitment to advancing together in the gaming industry. With their combined resources and expertise, they aim to create innovative gaming experiences and tap into new market opportunities. This strategic partnership is a reflection of their shared vision for growth and success.
Analyst comment
Positive news. The market responded positively to Nodwin Gaming International’s investment in Freaks 4U Gaming, with shares of Nazara Technologies Ltd. increasing by 1.67%. This investment strengthens the relationship between the two companies and allows them to leverage each other’s resources to expand their presence in the gaming industry. The collaborative partnership is expected to benefit both companies and contribute to their long-term success.
