Informative

Nazara Technologies acquires full ownership of Paper Boat Apps in Rs 300 crore deal

Update / Judgement Date

19 Jul 2024

Source

Economic Times

Author

Team — WCP Legal Desk

Reading Time

1 min read

Merger & Acquisition

Nazara Technologies has acquired full ownership of Paper Boat Apps in a ₹300 crore deal. This strategic move aligns with Nazara's growth plans in the gaming and app development sectors. Paper Boat Apps, known for its innovative mobile applications, will now enhance Nazara’s portfolio and market presence. The acquisition is expected to strengthen Nazara's position in the technology and entertainment industry, leveraging Paper Boat’s expertise to drive further growth and innovation.

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Nazara Technologies acquires full ownership of Paper Boat Apps in Rs 300 crore deal

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