German Gaming startup Freaks 4U will be acquired for $23.6 million by the Singapore arm of Nazara-backed Godwin Gaming. The company signed an agreement to increase its stakes and buy the startup in tranches through a share swap deal. This investment is a plan to combine both gaming companies to improve gaming compatibility and technology while scaling up. We are disscusing about Nazara’s Nodwin to acquire German gaming startup Freaks 4U for $23.6 million.
We are disscusing about Nazara’s Nodwin to acquire German gaming startup Freaks 4U for $23.6 million:
Freaks 4U is a Berlin-based gaming startup that offers 360° services for esports and gaming. The Singapore Unit of Nodwin holds around 13.51 percent stake in the startup and plans to increase its existing stake to 57 percent. The remaining 43 percent stake will be acquired later. The acquisition will be held in two tranches, and the total deal is valued at around $32.6 million. This collaboration will help Nodwin enhance its capability by integrating Freak 4U’s expertise, technology, network, and experience. The deal will positively affect the revenue of this Nazara-backed firm.
Nodwin bought the 13.51% stake in Freaks 4U in January this year and has been working with the firm since then. The company worked with the startup’s management on merging two businesses and bringing their technologies and solutions together. The two companies have collaborated on various big projects, including the Exports World Cup and the PUBG Mobile Global Open. After the successful results, both companies decided to proceed with this transaction. After this deal, both companies will have a profit, increased technical skills, and more innovative gaming solutions.
Nazara plans to invest $100 million in these mergers and acquisitions in the next two years. The company will also acquire Comic Con India this year through Nodwin. Nazara reported a 4.3 percent increase in its operational revenue to Rs 1,138 crore in FY24. The company controlled its overall expenditure, which helped Nazara achieve a 23 percent increase in its profit to Rs 75 crore in the same period. The firm plans to invest in expanding after acquiring this gaming startup. This step by Nazara is to strengthen its resources and position in the market by offering more powerful gaming solutions to its customers.
Conclusion
Nazara’s Singapore arm of Nodwin Gaming is acquiring a gaming startup, Freaks 4U, for $23.6 million. The acquisition is to strengthen the technology and generate more innovative gaming solutions. The company signed an agreement to increase its stakes and buy the startup in tranches through a share swap deal. This investment is a plan to combine both gaming companies to improve gaming compatibility and technology while scaling up.
The Singapore Unit of Nodwin holds around 13.51 percent stake in the startup and plans to increase its existing stake via two tranches of 57 percent and 43 percent later. The two companies have collaborated on various big projects, including the Exports World Cup and the PUBG Mobile Global Open. After this deal, both companies will have a profit, increased technical skills, and more innovative gaming solutions. This acquisition will positively affect Nodwin’s total revenue.
Disclaimer – We have collected this information from various trustworthy sources on the Internet, and the facts have been checked manually and verified by our In House team.
