Tech
Nazara Terminates Deal To Acquire Additional Stake In PokerBaazi
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SUMMARY
Nazara said it has cancelled its plans to acquire 38,073 fully paid-up equity shares of PokerBaazi parent Moonshine Technology Pvt Ltd from I3 Interactive Inc
The gaming major entered into a definitive agreement with Moonshine to acquire 47.7% stake in it for INR 831.5 Cr via a secondary transaction in September
With the real money gaming business coming to an abrupt end, Nazara is also considering writing off its entire investment in PokerBaazi parent
Days after the…
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