Nazara Technologies to acquire 55% stake in programmatic advertising and monetisation company Datawrkz
- Datawrkz is valued at Rs 225 crore.
- Nazara will acquire 33% stake for Rs 60 crore, in the first tranche by April 22.
- Nazara reserves an option to acquire an additional 22% in the second tranche, that is expected to close in Q4FY23.
- Of the eight analysts tracking the company, six maintained ‘buy’ and two maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 12.2%
Source: Exchange Filing, Bloomberg
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