NODWIN Gaming Invests in Freaks 4U Gaming

NODWIN Gaming Invests in Freaks 4U Gaming

Investments

31 January 2024 14:36

NODWIN Gaming has invested €8m in Freaks 4U Gaming GmbH. The conversion of a convertible loan agreement, initiated on December 27, 2023, totaling €3.6m has resulted in NODWIN acquiring additional shares in Freaks 4U Gaming. With a contribution of €4.4m, NODWIN's total investment in Freaks 4U Gaming now reaches €8m, securing a 13.51% stake in the company. Akshat Rathee, co-founder of NODWIN Gaming, stated “Our collaborative journey with Freaks is growing stronger, especially in the realms of PC and mobile gaming. We hold continuous admiration for the team at Freaks as we jointly explore new avenues for cooperation. This financial contribution is a testament to our unwavering commitment to advancing together on this shared venture.”

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NODWIN Gaming Invests in Freaks 4U Gaming

Investments

31 January 2024 14:36

Tags: NODWIN Gaming

NODWIN Gaming has invested €8m in Freaks 4U Gaming GmbH. The conversion of a convertible loan agreement, initiated on December 27, 2023, totaling €3.6m has resulted in NODWIN acquiring additional shares in Freaks 4U Gaming. With a contribution of €4.4m, NODWIN's total investment in Freaks 4U Gaming now reaches €8m, securing a 13.51% stake in the company. Akshat Rathee, co-founder of NODWIN Gaming, stated “Our collaborative journey with Freaks is growing stronger, especially in the realms of PC and mobile gaming. We hold continuous admiration for the team at Freaks as we jointly explore new avenues for cooperation. This financial contribution is a testament to our unwavering commitment to advancing together on this shared venture.”

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

NODWIN Gaming Acquires StarLadder

NODWIN Gaming has acquired StarLadder, a major esports event producer for $5.5m. StarLadder will maintain its identity, with founder...

Mergers and Acquisitions

Jan 31, 2025

NODWIN Gaming Secures $7.5m Investment

NODWIN Gaming, has announced that its parent company, Nazara Technologies Limited, has approved an investment of $7.5m into the...

Investments

Dec 05, 2024

NODWIN Gaming to Acquire Trinity Gaming

India-based games and esports company Nodwin Gaming has acquired gaming agency Trinity Gaming for $2.8 million. The Nazara subsidiary will...

Mergers and Acquisitions

Nov 29, 2024

NODWIN Gaming to Acquire Freaks 4U Gaming

NODWIN Gaming, through its Singapore-based subsidiary NODWIN Gaming International Pte, has announced plans to acquire a majority stake of...

Mergers and Acquisitions

Jul 01, 2024

BLAST Partners with NODWIN Gaming

BLAST partnered with NODWIN Gaming. Parties will launch ‘The Draft’ - a Counter-Strike tournament. The teams from India and...

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