Nazara Terminates Deal To Acquire Additional Stake In PokerBaazi

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…