Nazara Technologies, a leading mobile gaming and sports media company, has made a significant investment in Moonshine Technology, the parent company of PokerBaazi, India's leading online poker gaming platform. This strategic move is part of Nazara's ambition to become India's leading diversified gaming platform.
The investment is a combination of secondary and primary share purchases:
The acquisition is expected to bolster Nazara's position in the online skill-based gaming sector, further expanding its reach in the Indian gaming market.
PokerBaazi has established itself as a leader in online poker gaming in India, renowned for its user engagement, innovation, and overall experience.
This investment signifies the growing prominence of skill-based gaming in India and reflects the increasing interest of investors in this sector.
The partnership between Nazara Technologies and Moonshine Technology is expected to contribute to Baazi Games' aim for global expansion in the gaming space.
Nazara Technologies' investment in Moonshine Technology signifies a strategic move in the Indian gaming industry. This acquisition is expected to drive growth in the online skill-based gaming sector and contribute to Nazara's vision of becoming India's leading diversified gaming platform. The partnership also promises to propel Baazi Games towards its global expansion ambitions.
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