Indian publisher Nazara acquires majority stake in Nextwave Multimedia

The Indian mobile games publisher Nazara Technologies has acquired a majority stake in Nextwave Multimedia, a Chennai-based developer best known for its World Cricket Championship game.

Nextwave Multimedia are a casual and multiplayer focussed developer, and their titles have generated over 100m downloads across the last seven years.

A press release from Nazard said the the WCC franchise could provide a perfect launchpad for the company to usher in virtual reality arcades and mobile sports around cricket in India.

A Nazara press release said the popularity of the WCC franchise offers the company an “ideal platform for ushering in virtual reality arcades and launching mobile sports around cricket in India”.

“Nazara has been on the lookout for gaming companies which have established strong leadership in the sports genre,” said Nazara Games CEO Manish Agarwal.

“Nextwave offers a strong promise of dominating the space globally with its massive large fan base of over approx. 15 million monthly active users and very strong product offering.”