Nazara to buy two Spanish gaming firms for $340 million

Mint.The first tranche of 50% stake is payable in cash. Most of this amount will come from Nazara's reserves, Mittersain said."We are sitting on around $100 million cash right now, most of which will be meaningfully used up for acquiring the first 50% in Bluetile and BestPlay," he explained.

"We are a cash-generating company, so this shouldn't be a problem."A large part of the latter half is expected to be funded through Bluetile and BestPlay’s operating cash flows and distributions, with 25% of each instalment payable in listed equity at Nazara’s discretion.The agreement also outlines performance-linked earn-out payments. The most probable payout for these earn-outs is estimated at $98.2 million, the company said.These distributions are contingent upon the acquired entities achieving specified revenue and Ebitda targets during the calendar years 2027 through 2029.

The contingent payments are scheduled to be distributed annually from 2028 to 2030.Nazara expects to pay these performance payments from Bluetile and BestPlay's cash flows, Mittersain said.Mittersain said the team at the two sister concerns have "embedded AI at the core of its operations—not just as a tool, but as a competitive advantage across development, marketing and live operations".Bluetile focuses on casual, social puzzle and word games. Its titles have 375 million downloads and 22 million monthly active users across 17 live games like Yatzy, Domino Legends, Mahjong Voyage and Spade Stars.BestPlay, its in-house rewarded engagement platform, contributes an additional 2.2 million monthly active users.For the 2025 calendar, Bluetile and BestPlay on a combined basis reported revenue of $153.6 million (around ₹1,405 crore) and an Ebitda of $27.7 million