Nazara Technologies entered an agreement to accumulate a fifty five% stake in programmatic advertising and marketing and monetization organization Datawrkz valuing the company up to Rs. 225 crore (approx. USD 30M) related to CY 22 EBITDA performance.
Nazara will collect a 33% stake (Rs. 60 crore payable of which Rs. 35 crore is partly payable in cash and the balance attention of Rs. 25 crore can be paid either in cash or change of stocks) in the first tranche through April 22. Nazara reserves an choice to collect a further 22% within the 2nd tranche this is predicted to shut in Q4 FY23.
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