Nazara Technologies acquires full ownership of Kiddopia publisher Paper Boat Apps in Rs 300 crore deal

Listed media and gaming firm Nazara Technologies said on Friday that it acquired the remaining 48.42% stake it did not hold in Paper Boat Apps for Rs 300 crore, making it a wholly owned subsidiary.

Nazara acquired the stake from Paper Boat Apps’ founders in cash and will make the payment in tranches, the company said in a stock exchange filing.