Nazara Technologies Ltd. · NSE:NAZARA
Nazara Technologies — Merger or Acquisition (March 2026)
12 slides from Nazara Technologies's merger presentation, Mar 18, 2026
Slide 1: Intimation of Investor Presentation to Stock Exchanges
March 18, 2026 To, Listing Compliance Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1. G Block, Dalal Street, Bandra -Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai- 400051. Scrip Code: 54328
Slide 2: Acquisition of Bluetile Games S.L. & Bestplay Systems S.L.
Acquisition of Bluetile Games S.L. & Bestplay Systems S.L. March 2026
Slide 3: Entering AI driven Gaming: Nazara's Acquisition of Bluetile & BestPlay
Entering AI driven Gaming: Nazara's Acquisition of Bluetile & BestPlay Integrated Content + Distribution Platform at Scale Operates a diversified portfolio of Rewarded engagement platform casual, social mobile games across that drives user acquisition, puzzles, sorting and tile-based retention and c
Slide 4: Bluetile: Diversified Portfolio of High-Growth Casual, Social Games
Bluetile: Diversified Portfolio of High-Growth Casual, Social Games 22 million 9 million 17 Active 375 million Monthly monthly Games Downloads Active Users installs 3
Slide 5: BestPlay: Proprietary Rewards Network Powering User Acquisition
BestPlay: Proprietary Rewards Network Powering User Acquisition User downloads BestPlay where they Over time the user collects coins The user has an option to withdraw have option of playing a range of which can be converted into rewards the rewards Bluetile games for free 4.2 Avg. Number of Bluetil
Slide 6: Strategic Rationale: Acquisition strengthens Nazara's casual, social gaming platform
Strategic Rationale: Acquisition strengthens Nazara’s casual, social gaming platform Expands Casual Gaming Portfolio Scalable AI-Native Development • AI embedded across the full • Adds a scalable casual stack: 90–95% of data gaming vertical to Nazara's architecture and 80% of diversified portfolio b
Slide 7: Bestplay's AI native development platform provides faster path to game launches
Bestplay’s AI native development platform provides faster path to game launches 6
Slide 8: Synergistic Acquisition with Performance Linked Payouts
Synergistic Acquisition with Performance Linked Payouts Upfront • Nazara UK will initially acquire 50% of the equity in Bluetile and Bestplay for USD 100.3 million (INR ~918 crores) at close. Consideration • Out of this, USD 59.7 million is payable at first close, while remaining USD 40.6 million wi
Slide 9: FAQs: Acquisition Rationale
FAQs: Acquisition Rationale Q: What is the strategic rationale for this acquisition? This acquisition strengthens Nazara's platform strategy by combining scalable game development capability (Bluetile), a player engagement and distribution layer (Bestplay), and data-driven, AI-assisted live operatio
Slide 10: FAQs: Transaction Structure
FAQs: Transaction Structure Q: Why is a significant portion of consideration contingent? The earnout — with a most probable payout of USD 98.2 million — is paid only if agreed revenue and EBITDA targets for CY2027–2029 are met, with payments spread annually from 2028 to 2030. The call/put option for
Slide 11: FAQs: Risks
FAQs: Risks Q: How is the acquisition being funded? The upfront consideration is largely funded from Nazara's cash on balance sheet. Future payments — the earnout of USD 98.2 million (most probable), paid annually from 2028 to 2030, and the call/put consideration for the remaining ~50% stake exercis
Slide 12: Contact Us
Contact Us Nazara Technologies Limited Mr. Rakesh Shah CIN: L72900MH1999PLC122970 Chief Financial Officer investors@nazara.com Ms. Anupriya Sinha Das www.nazara.com Head of Corporate Development 11
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