MUMBAI: Mobile gaming company Nazara Technologies Limited has acquired a 67% stake in Absolute Sports Private Limited, the parent company of sports news website Sportskeeda for a total consideration of Rs 440 million.
Earlier, Nazara had partnered with Sportskeeda for content syndication. Post the acquisition, Sportskeeda will continue to operate as a separate brand, even as the companies will continue to identify areas of collaboration, Nitish Mittersain, founder and managing director, Nazara Technologies, said.