The Ultimate Teen Patti intellectual property rights were purchased from Games24X7 by Nazara Technologies’ mobile gaming division, Next Wave Multimedia, for a sum of Rs 10 crore.
Ultimate Teen Patti is a free-to-play online game that allows users to play teen patti, a variation of poker, against other players online and without using real money. According to its claims, it generated a gross turnover of Rs 7 crore during the 2022–2023 fiscal year (FY23).
Nextwave will be able to offer more casual freemium games as a result of the acquisition.
Nazara recently revealed that it has paid Rs 300 crore to acquire an extra 48.42% of Paper Boat Apps (PBA) from its promoters, Anupam and Anshu Dhanuka.
Nazara bought the remaining 28.12% of Nextwave Multimedia’s mobile gaming subsidiary in May, gaining a 100% ownership position.
Among the businesses in Nazara’s portfolio are Pro Football Network, Sportskeeda, and Nodwin Gaming, which operate in the esports industry.
