Thursday, February 2, 2023
HomeNewsGaming and Sports media firm Nazara buys WildWorks

Gaming and Sports media firm Nazara buys WildWorks

Nazara Technologies, India-based diversified gaming and sports media company announced the acquisition of the US children’s interactive entertainment company, WildWorks.

Existing shareholders will sell their shares to Nazara in an all-cash deal for 100% of the company and its intellectual property. According to a press release from Nazara, WildWorks reported USD13.8 million in CY21 and USD5.8 million in H1CY22 in terms of revenues, and USD3.1 million and USD1.6 million, respectively, in terms of EBITDA.

Founded in 2003, WildWorks is one of the established game studios focused on the children’s market for ages 8-12.

The company’s CEO Clark Stacey and COO Jeff Amis, two of the founders, will continue in their current positions and lead the organization’s future expansion as part of the “Friends of Nazara” network, according to the statement.

“With its strong brand presence and talented Utah-based development team, WildWorks enables us to solidify our leadership position in the gamified learning space for kids,” said Nitish Mittersain, founder and managing director of Nazara Technologies.

“WildWorks has earned the trust of millions of families through their approach to safe social gameplay in Animal Jam, and Nazara’s global capabilities will help bring those experiences to millions more,” Mittersain added.

Stacey said, “Joining Nazara enables a new phase of growth and international reach for WildWorks and our games. We immediately resonated with the Nazara team and respect the commitment they’ve already made to kids through Paper Boat Apps and Kiddopia. We’re joining a great family, and I think our player community will be ecstatic with the results.”

Subscribe To Newsletter

ICYMI

BRL Editor
BRL Editorhttps://businessreviewlive.com
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.