Nazara Technologies

News Summary:

Nazara Technologies agreed on March 19, 2026, to acquire a 50% stake in European mobile gaming companies Bluetile Games and BestPlay Systems for Rs 918 crore, equivalent to $112 million. This acquisition aims to build a scalable AI-powered platform for game development, distribution, and publishing, thereby enhancing Nazara's global gaming reach. Earlier on the same day, Nazara announced acquiring a controlling stake in these entities for approximately $100.3 million, signaling a strong strategic pivot toward AI-powered gaming and positioning the company in the evolving global gaming landscape. Bluetile operates a diversified portfolio of globally popular casual social mobile games, including titles such as Yatzy, Domino Legends, Mahjong Voyage, and Spade Stars, having achieved nearly 375 million downloads and 22 million monthly active users across 17 live games. Nazara's acquisition, initially described as targeting Spain-based casual and social gaming start-ups, forms part of its strategy to strengthen its foothold in the international casual and social gaming market. Previously, Nazara anticipated that the phased deal, starting with the 50% stake, would see its revenue doubling. Joint MD and CEO Nitish Mittersain highlighted strong user metrics, a proprietary platform, and AI-led capabilities as key growth drivers for the Mumbai-based gaming company.