Mumbai | May 2025 — In a strategic move to strengthen its global footprint in the gaming industry, Nazara Technologies, a leading Indian gaming and sports media company, has announced the acquisition of 100% ownership in Curve Digital Entertainment Limited (CDEL), a UK-based premium publisher of PC and console games. The acquisition deal is valued at ₹247 crore (approximately $29 million).
The transaction, which will be executed through Nazara Technologies UK Ltd, a wholly owned subsidiary, was confirmed in a stock exchange filing on Tuesday. With this deal, CDEL will become a step-down subsidiary of Nazara Technologies, significantly enhancing the company’s presence in high-value gaming markets such as the US, UK, Japan, and South Korea.
Who is Curve Games?
Curve Games (CDEL) is a well-known player in the global gaming ecosystem, specializing in console and PC game publishing. The acquisition also includes six of Curve’s key subsidiaries — Kuju Ltd, Runner Duck Games, IronOak Games, and others — which will now be integrated into Nazara’s growing portfolio of gaming assets.
CDEL was previously owned by Catalis Group, a UK-based media and entertainment conglomerate. The acquisition aligns with Nazara’s vision of becoming a global leader in premium game publishing.
Financial Snapshot
In calendar year 2024 (CY24), Curve Games reported impressive financials with a revenue of ₹263.5 crore and an EBITDA of approximately ₹120 crore (GBP 10.6 million). These strong numbers validate Curve’s reputation for delivering engaging original IPs with global appeal.
The deal will be funded through intra-group debt and is expected to close within 45 days, pending regulatory and customary approvals.
Nazara’s Global Expansion Strategy in Full Swing
The Curve acquisition comes as part of Nazara’s aggressive global expansion strategy. Recently, its subsidiary Absolute Sports (parent company of Sportskeeda.com) signed definitive agreements to acquire TJRWrestling.net and ITRWrestling.com, further strengthening its foothold in global sports content.
In January 2025, Nazara acquired two popular mobile gaming titles — King of Thieves and CATS: Crash Arena Turbo Stars — from Zeptolab for $7.7 million, showcasing its appetite for high-potential gaming IPs.
The company has also earmarked $100 million for future M&A opportunities, indicating sustained growth in international markets.
Recent Performance and Outlook
While Nazara has yet to release its Q4 FY25 results, the company reported a 67% YoY increase in operating revenue to ₹535 crore in Q3 FY25. However, net profit declined by 53.6% YoY to ₹13.7 crore, reflecting the challenges and investments involved in its rapid global scale-up.
Despite short-term profitability dips, Nazara’s long-term growth narrative remains intact, powered by strategic acquisitions, diversified gaming assets, and an expanding global audience base.
