Absolute Sports Pvt Ltd.

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.

Jul 12, 2019 18:07
MUMBAI: Investment action is heating u and how in the Indian sports content arena and how. A little under three months since fantasy sports platform Dream11 announced the launch of FanCode, an "ad-free multi-sport aggregator platform, offering a wide spectrum of content, commerce and community engagement", rival gaming company Nazara Technologies is making some big moves of its own.