Nazara’s Subsidiary Invests €8 Million in Gaming Company

John Darbie
Photo: Finoracle.me

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.

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John Darbie is a seasoned cryptocurrency analyst and writer with over 10 years of experience in the blockchain and digital assets industry. A graduate of MIT with a degree in Computer Science and Engineering, John specializes in blockchain technology, cryptocurrency markets, and decentralized finance (DeFi). His insights have been featured in leading publications such as CoinDesk, CryptoSlate, and Bitcoin Magazine. John’s articles are renowned for their thorough research, clear explanations, and practical insights, making them a reliable source of information for readers interested in cryptocurrency. He actively follows industry trends and developments, regularly participating in blockchain conferences and webinars. With a strong reputation for expertise, authoritativeness, and trustworthiness, John Darbie continues to provide high-quality content that helps individuals and businesses navigate the evolving world of digital assets.