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.)
