Nazara Technologies Acquires Fusebox Games for $27.2 Million

• Nazara Technologies has acquired UK-based Fusebox Games Limited for Rs 228 crore ($27.2 million) in an all-cash deal.
• Fusebox, known for its interactive story game 'Love Island', reported strong financial growth in CY23 and CY24.
• The acquisition aligns with Nazara's strategy to expand in developed markets like the US, UK, and Australia.
• Nazara also received a letter of intent to acquire sports entertainment company Smaaash, currently in insolvency.
• Earlier this year, Nazara raised Rs 250 crore ($30 million) and announced plans to invest $100 million in mergers and acquisitions over the next 24 months.

Source: Entrackr