Nazara acquires US-based children's interactive entertainment company WildWorks

Image
Capital Market
Last Updated : Aug 30 2022 | 8:31 PM IST
Nazara Technologies announced the acquisition of leading U.S. children's interactive entertainment company WildWorks earlier today. Nazara will acquire 100% of the company and its IP from existing shareholders in an all-cash transaction.

WildWorks revenues were US$13.8 million in CY21 and US$5.8 million in H1CY22, and EBITDA were US$3.1 million in CY21 and US$1.6 million in H1CY22.

Founded in 2003, WildWorks is one of the most successful and established game studios focused on the children's market for ages 8-12 and is the #1 Grossing Apps in its category. In the past decade, Wildworks' mobile apps have attracted over 150 million players, and as a result of today's deal, WildWorks is expected to expand into new products and territories in 2023 and beyond. Two of the original founders, CEO Clark Stacey and COO Jeff Amis, will remain with the company in their current positions and lead its next phase of growth as part of the Friends of Nazara network.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 30 2022 | 9:07 AM IST

Next Story