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Nazara Technologies Revenue Doubles Following Buletile and Bestplay Acquisition
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Nazara Technologies Revenue Set to Double After Buletile and Bestplay Acquisition
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CNBC TV18
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19-03-2026, 12:01
Nazara Technologies Revenue Set to Double After Buletile and Bestplay Acquisition
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Nazara Technologies anticipates a doubling of revenue following its acquisition of UK-based gaming firms Buletile and Bestplay.
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Both Buletile and Bestplay are reported to generate strong cash flows, contributing positively to Nazara's financial outlook.
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The acquisition will occur in phases, with Nazara initially securing a 50% stake in the companies for approximately $100 million.
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Nazara Joint MD and CEO Nitish Mittersain emphasized strong user metrics, a proprietary platform, and AI-led capabilities as crucial growth factors.
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Despite the positive acquisition news, Nazara's stock is currently trading about 1% lower today and has seen a nearly 10% decline year-to-date.
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