Acquisitions18 Jul 2025, 07:10 pm
Nazara Technologies Completes Acquisition of Prime Timer IPR for USD 500,000
AI Summary
Nazara Technologies Limited, through its subsidiary Sportskeeda Inc., has completed the acquisition of all the Intellectual Property Rights (IPR) associated with Prime Timer. The total purchase consideration is USD 500,000 (equivalent to INR 4.28 Crores), out of which USD 400,000 (equivalent to INR 3.44 Crores) has already been paid. The balance of USD 100,000 will be paid as per the Agreement's timeline.
Key Highlights
- Nazara Technologies completes acquisition of Prime Timer IPR through its subsidiary Sportskeeda Inc.
- Total purchase consideration is USD 500,000 (equivalent to INR 4.28 Crores).
- Out of the total consideration, USD 400,000 (equivalent to INR 3.44 Crores) has already been paid.
- The balance of USD 100,000 will be paid as per the Agreement's timeline.
- The acquisition includes all the Intellectual Property Rights, brand, domain, content, IP, and social accounts associated with Prime Timer.