Nazara to acquire majority stake in Datawrkz
The Hindu
It will acquire a 33% stake in the first tranche by April 2022.
Nazara Technologies Ltd, a diversified gaming and sports media company said it has entered an agreement to acquire a 55% stake in programmatic advertising and monetisation company Datawrkz valuing the company up to ₹225 crore linked to calendar year 22 EBITDA performance.
It will acquire a 33% stake (₹60 crore payable of which ₹35 crore is partly payable in cash and the balance consideration of ₹25 crore will be paid either in cash or swap of shares) in the first tranche by April 2022.
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