NODWIN Gaming Buys StarLadder To Expand Portfolio

Nazara Technologies-owned NODWIN Gaming has acquired esports broadcasting platform StarLadder for an initial consideration of $5.5 Mn

The acquisition of 100% of the share capital of StarLadder will be a combination of secondary sale and stock swap, as per the filing

Post the acquisition, StarLadder will become a fully-owned subsidiary of NODWIN Gaming Pte

Listed gaming major Nazara Technologies-owned NODWIN Gaming has acquired esports broadcasting platform StarLadder for an initial consideration of $5.5 Mn (INR 47.65 Cr).

In a regulatory filing, the company said, “The acquisition of 100% of the share capital of StarLadder will be a combination of secondary sale and stock swap of NODWIN Gaming Pte shares for an initial consideration of up to $5.5 Mn.”

Furthermore, the additional consideration will be payable on meeting the earn-out targets, the filing  added.

Post the acquisition, StarLadder will become a fully-owned subsidiary of NODWIN Gaming Pte.

(The story will be updated soon.)