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Nazara unveils ?196-cr investments, acquires 60% stake in Funky Monkeys

  Copy link into your clipboard //media-entertainment.news-articles.net/content/ .. estments-acquires-60-stake-in-funky-monkeys.html
  Print publication without navigation Published in Media and Entertainment on by Michael Jones
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  Nazara Technologies announced strategic investments totalling ₹196 crore to expand its presence across the gaming, entertainment, and education sectors. Shares of Nazara Technologies Ltd ended at ₹1,018.


Nazara Technologies has announced a significant investment of Rs 196 crore to acquire a 60% stake in the mobile gaming company, Funky Monkeys, as part of its strategy to expand its presence in the gaming industry. This acquisition aims to leverage Funky Monkeys' expertise in developing casual and board games, enhancing Nazara's portfolio which already includes popular games like World Cricket Championship and CarromClash. The deal not only signifies Nazara's commitment to growth through strategic investments but also positions it to tap into the burgeoning casual gaming market, which has seen a surge in popularity, especially during the global health crisis. This move is expected to bolster Nazara's market position and drive further innovation in the gaming sector.

Read the Full cnbctv18 Article at:
[ https://www.cnbctv18.com/market/stocks/nazara-technologies-share-price-unveils-rs-196-crore-investments-acquires-60-pc-stake-in-funky-monkeys-19518215.htm ]