Nazara Technologies acquires 48% stake in Paper Boat Apps for Rs 300 crore
Sep 09, 2024•over 1 year ago
Acquiring Company
Nazara Technologies
Acquired Company
Paper Boat Apps
IndiaGamingDescription
Nazara Technologies announced the acquisition of 48.42% stake in Paper Boat Apps for Rs 300 crore, making Paper Boat Apps a wholly-owned subsidiary of the company. With this acquisition, Nazara Technologies expands its presence in the gamified early learning ecosystems and strengthens its position in the gaming and sports media industry.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed