Tech
Nazara to add Rs 800-1,000 crore to M&A war chest
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Online gaming firm Nazara Technologies, which has been on an acquisition spree, has earmarked Rs 800–1,000 crore ($94-117 million) this year to fuel inorganic growth, chief executive Nitish Mittersain told ET.
The company is targeting global gaming studios with established intellectual properties, strong teams, annual revenue of around Rs 100 crore and an earnings margin before interest, taxes, depreciation and amortisation (Ebitda margin) of at least 20% for acquisition.
Nazara is also open to pursuing deals that are larger than these and may raise…
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