Nazara’s subsidiary acquires assets of US-based Deltia's Gaming

Quick Summary:

Absolute Sports will fund the transaction using its cash reserves and looks to expand its presence in the US region.

However, the company said these subsidiaries are minor contributors, generating less than 2% of its revenue and 1% of its profit in the quarter ending March 2024.

The all-cash consideration will be paid over one or more tranches and is expected to close in the next 45 days.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: India

Topics: Acquisition Policy Company Absolute Deltia Gaming Nazara Terms Information Sports Privacy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 08:25:49 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 279 words

Reading Time: 2 minutes read

Sentences: 18 lines

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News ID: 21954532

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