M&A
Nodwin to acquire German gaming co. Freaks 4U for Rs.271-Cr
Publicly listed Nazara Technologies, via its Singapore subsidiary Nodwin Gaming International Pte Ltd (Nodwin Pte), has increased its existing 13.51% stake in Berlin-based gaming and esports agency Freaks 4U to 100% in tranches through a share swap deal, valued at INR 271 crore (Euro 30.3 million).Nodwin will initially increase its existing stake in Freaks 4U Gaming to 57% and the remaining 43% - held by the founders Michael Haenisch, Matthias Remmert and Jens Enders - will be swapped at a later time.Freaks 4U Gaming offers several agency services and solutions to brands and publishers and generated INR 223 crore (Eur 26.9 mn unaudited) in 2023.
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