UK-based Gaming startup Fusebox Games Limited was acquired for $27.2 million by the Gaming and  sports company, Nazara Technologies. The company signed an agreement to buy its stakes in the  startup through all cash transactions. This investment will enable both gaming companies to combine  their technologies and improve gaming compatibility with technology while expanding their network  globally. 

Fusebox Gaming is a gaming startup that offers services for esports and gaming platforms. The  company launched an interactive story game called Love Island and is working on new games based  on popular global TV Ips. The startup aims to spread its services in developed markets such as the US,  Australia, the UK, Sweden, Canada, Denmark, Switzerland, and New Zealand. The gaming startup  currently has around 30 employees in its UK office. The acquisition will help Nazara Technologies to enhance its capability by integrating Fusebox gaming’s clients, technology, network, and experience.  Nazara received a letter of intent to acquire Smaash, a sports entertainment company. Earlier this year,  Nazara announced its plans to invest around 100 million USD in merging and acquisition within the next two years.  

Nazara has invested this amount in Circle of Games and has acquired various companies through its  subsidiaries including Games 24×7, Deltias Gaming, and Kiddopia developer Paper Boat Apps. Nodwin  also acquired a 13.51 percent stake in the German gaming startup Freaks 4U in January this year. The  company focuses on merging businesses and bringing their technologies and solutions together. After  this deal, the companies will have more innovative gaming solutions, increased technical skills, and  more workforce. Fusebox Gaming Limited faces competition from other gaming platforms such as  Otherworld, and Dazn. 

The gaming startup reported a revenue of $10.4 million with an EBITDA of $1.4 million in CY23. The  company saw strong growth in its year-to-date revenue at $13.9 million with EBITDA at $4 million for  CY24. Nazara announced a profit of R 17.8 crore in its revenue of Rs 254.43 for the first quarter of  FY25. Nazara reported a 4.3 percent increase in its operational revenue to Rs 1,138 crore in FY24. The  company controlled its expenses which helped it to post a 23 percent increase in its profit to Rs 75  crore in the same duration. The company acquired Fusebox Gaming to strengthen its technologies and  offer more powerful gaming solutions to its customers. 

Conclusion: 

Nazara Technologies acquired a gaming startup Fusebox Games Limited for $27.2 million. The  acquisition is made by Nazara to strengthen its technology and generate more innovative gaming  solutions. This investment is an initiative to merge both gaming companies to improve gaming  compatibility and technology while scaling up. Fusebox Games published a story game called Love  Island and is currently developing new games on global TV Ips. The gaming startup focuses on  expanding its services in developed markets including Australia, the UK, Sweden, Canada, the US,  Switzerland, and New Zealand. This acquisition is part of a $100 million investment plan made by  Nazara Technologies to merge and acquire various gaming companies in the next two years.