Nazara Technologies’ subsidiary NODWIN Gaming set to buy out Freaks 4U Gaming in a share swap deal, stock soars 8%

The deal will be done in tranches through a share swap valued at up to ₹271 crore (€30.3 million).

NODWIN Gaming International will initially increase its stake in Freaks 4U Gaming to 57% and the remaining 43% held by the founders Michael Haenisch, Matthias Remmert and Jens Enders will be swapped at a later time at its option.

Following the share swap, existing shareholders of Freaks 4U Gaming will become shareholders of NODWIN Gaming International.

Freaks 4U Gaming offers various agency services and solutions to brands and publishers. The company generated a revenue of ₹223 crore in 2023. “This acquisition will significantly enhance NODWIN Gaming's capabilities, bringing in the expertise, experience and network of the Freaks 4U Gaming team and is expected to contribute materially to NODWINs revenues going forward,” the firm stated.

The two teams have already worked on jointly delivering projects such as the PUBG Mobile Global Open and Esports World Cup (EWC) and have jointly explored new business vertical opportunities.

Akshat Rathee, co-founder of Nodwin Gaming, said that the acquisition is a pivotal step in the company’s global growth strategy.

“By integrating Freaks 4U Gaming’s expertise and resources, we are poised to deliver unparalleled services and expand our global footprint in the gaming and esports industries. In Michael, we have a person who is highly regarded across the world for his wealth of experience and expertise in the sectors,” he said.

Shares of Nazara have gained nearly 3% since the beginning of the year. The stock has risen over 26% in the last one year.