Nazara Acquires US-Based Interactive Children’s Entertainment Company WildWorks

Nazara Technologies today announced the acquisition of WildWorks, a leading US interactive entertainment company for children.

Nazara will acquire 100% of the company and its IP from existing shareholders in an all-cash transaction.

WildWorks revenue was US$13.8 million in CY21, US$5.8 million in H1CY22 and EBITDA was 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 8-12 year old kids market and is the #1 grossing app in its category. Over the past decade, Wildworks mobile his app has attracted more than 150 million of his players. As a result of today’s deal, WildWorks is expected to expand into new products and territories in his 2023 and beyond. Two of his original founders, CEO Clark Stacy and his COO Jeff Amis, will remain in their current roles and lead the next phase of growth as part of the Friends of Nazara network.

powered by Capital Markets – Live News

(This article is not edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that are of interest to you and that have wide-ranging political and economic impact on the nation and the world. Your encouragement and constant feedback on how to improve our services only makes our determination and commitment to these ideals even stronger.In such a difficult time caused by Covid-19 also remains committed to providing authoritative news, authoritative views, and insightful commentary on relevant topical issues to keep you informed.
However, I have a request.

We need your support even more so that we can continue to deliver quality content as we battle the economic impact of the pandemic. We have seen encouraging responses from many users who have subscribed to Increasing subscriptions to online content helps us achieve our goal of providing more relevant and relevant content. We believe in free, fair and responsible journalism. Your support through more subscriptions will help us live the journalism we are committed to.

Supporting high-quality journalism, Subscribe to Business Standard.

digital editor

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *