Mumbai : Nazara Technologies, Mumbai-based diversified gaming, and sports media company acquired a 100 percent stake in Delaware-based kids gaming firm WildWorks Inc. This would be one of the several acquisitions made in the past year by the Mumbai-based company.

According to a filing with the BSE, Nazara Technologies agreed to acquire 100 percent of Wildworks' share capital in an all-cash transaction from their existing shareholders for $10.40 million.

After the merger and acquisition, WildWorks will continue to run the business with its original co-founders Clark Stacey and Jeff Amis as part of the "Friends of Nazara" network.

WildWorks, founded in 2003, creates games for the children's market. It’s available on iOS and Android mobile devices as well as on desktops.

Oquirrh Ventures and Signal Peak Ventures were the investors of Wildworks at first. In contrast to 2020, the US-based company's revenue decreased by 25 percent to $13.8 million in 2021 from $18.8 million in 2020, while EBITDA was recorded at $3.1 million in CY21 compared to $4.9 million in CY20.

Prior to this, Nazara supported the educational app for preschoolers, Kiddopia, and bought the majority of the shares of Sports Unity, a platform for multisport content, Sportskeeda and Datawrkz.