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Nazara acquires 50% of Spanish game developer Bluetile for $100.3M, with plan to buy the rest by 2028.
Nazara Technologies has agreed to acquire a 50% controlling stake in Spain-based Bluetile Games and BestPlay Systems for $100.3 million, with plans to buy the remaining 50% by 2028 based on a 6.6x EBITDA valuation.
Additional performance-based earn-outs of up to $98.2 million are tied to revenue and profit targets from 2027 to 2029.
The combined companies generated $153.6 million in revenue and $27.7 million in EBITDA in 2025, with 375 million downloads and 24.2 million monthly active users across 17 games.
The deal, Nazara’s largest to date, aims to expand its global presence and integrate AI-driven tools in game development and user engagement.
Nazara adquiere el 50% del desarrollador de juegos español Bluetile por $ 100.3 millones, con el plan de comprar el resto para 2028.