Nazara Technologies acquires 48.42% stake in Paper Boat Apps, merging it into Nazara to expand Kiddopia globally.

Nazara Technologies acquires 48.42% stake in Paper Boat Apps, making it a wholly-owned subsidiary. The gaming firm plans to merge Paper Boat Apps into its company to expand the popular children's learning app, Kiddopia, globally. Nazara Technology purchased the stake from Paper Boat Apps' promoters Anupam and Anshu Dhanuka for Rs 300 crore. In 2019, Nazara had acquired a 50.91% stake in Paper Boat Apps.

July 19, 2024
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