Written by Dante Uzel on 12 September 2024 16:51
Nazara Technologies has acquired a 15.86% stake in STAN, an Indian esports community platform, for INR 18.4 crore (US$2.2 million). The acquisition, executed through Nazara’s subsidiary Nazara Dubai FZ, is part of the company's strategy to expand its presence in the global esports market.
According to release STAN aligns with Nazara’s goal to integrate community-driven platforms as it seeks international growth.
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Nitish Mittersain, Founder and CEO of Nazara, stated “Nazara’s investment in STAN strengthens our position in the rapidly growing gaming and esports landscape. STAN’s mobile-first approach and focus on community engagement align perfectly with our vision to become a leading player in the global esports ecosystem. This acquisition allows us to expand our reach while empowering content creators and fostering a stronger gaming community.”'
Tags: Nazara
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