Nazara Technologies invests Rs 4 crore in Israel-based Snax Games

Gaming and sports media platform Nazara Technologies on Wednesday said it has invested USD 500,000 (about Rs 4.15 crore) in Israel-based game developer Snax Games.

Nazara Technologies invests Rs 4 crore in Israel-based Snax Games
As part of the investment, Nazara has acquired rights to publish Snax's games in India and the Middle East on a revenue-sharing basis for five years.

Gaming and sports media platform Nazara Technologies on Wednesday said it has invested USD 500,000 (about Rs 4.15 crore) in Israel-based game developer Snax Games.

The investment was made via its wholly-owned Singapore subsidiary Nazara PTE Ltd, the company said in an exchange filing.

As part of the investment, Nazara has acquired rights to publish Snax's games in India and the Middle East on a revenue-sharing basis for five years.

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Written By: PTI
Updated: Wed, Aug 16, 2023
05:46 PM IST
PTI
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