Nazara Technologies-owned a-Sports company NODWIN Gaming has acquired the gaming and related IP businesses from OML Entertainment for a cash consideration of Rs.73 billion or $ 10 million.
The transaction will provide partial liquidity to the shareholders of OML Entertainment and CA Media. Ajay Nair, MD of OML Entertainment, will join the board of directors of NODWIN Gaming as part of this transaction, the company said in a press release.
OML works with comedians like Tanmay Bhat, Suhani Shah and Smay Raina.
Read More NODWIN acquires IPs from OML Entertainment for Rs 73 Cr from Trickypedia.