After Acquiring Sportskeeda, Nazara Looks At IPO In Early 2020

After Acquiring Sportskeeda, Nazara Looks At IPO In Early 2020

SUMMARY

Nazara has acquired 67% stake in sports media platform Sportskeeda

This is the 11 acquisition made by Nazara Technologies

With Sportskeeda acquisition, Nazara claims to have acquired 100 Mn MAUs

Game developer and publisher Nazara Technologies will launch its IPO in early 2020, founder Nitish Mittersain told Inc42 on the day the company officially announced its acquisition of Sportskeeda. “Over the past few years, we have been building a ‘friends of Nazara’ ecosystem, where we want to partner with companies and founders who are like minded and share the same DNA in terms of how the business should be done and can have synergies with our existing investees.”

The launch of the company’s IPO will be preceded by a closing of multiple acquisition deals, Mittersain added. One of these acquisitions is that of a sports media platform Sportskeeda, officially announced today. Last month, Inc42 had exclusively reported Nazara’s investment in Sportskeeda and Qunami. 

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