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PUBG and BGMI-maker KRAFTON intends to set up an R&D facility in India by next year to develop games suited to the Indian culture, company's India business head Sean Hyunil Sohn said. KRAFTON India CEO Sohn said that the details of the facility are yet to be finalised, but the top location choices are Bangalore and Pune. We will continue to launch new games for the Indian market, either sourcing from outside or from India. We will do our best to set up a good quality development team based in India and develop quality games based on Indian culture, he said on the sidelines of IDGS Gaming Conclave. Sohn had earlier told PTI that India was among the top three markets for the company in terms of user base. "India has a huge demand for digital entertainment content, including gaming. We have seen a very fast pace of growth on a year-on-year basis but I think there's a lack of top-quality talent supply into the ecosystem, which has many factors behind that sort of situation. A short ..
Gaming and esports company Nazara Technologies on Thursday announced acquisition of Fusebox Games, an IP-based gaming studio in the United Kingdom, for Rs 228 crore in an all-cash deal. Fusebox has 30 employees primary based in the UK. "Nazara Technologies, India's only publicly listed diversified gaming and sports media company, announced the acquisition of Fusebox Games," a release said. Nazara said it will purchase Fusebox for Rs 228 crore in an all-cash transaction. Fusebox publishes interactive story game Love Island' and is developing new games based on popular global TV IPs. For calendar year 2023, the company reported revenue of Rs 87.5 crore with an EBITDA (Earnings Before Interest Tax Depreciation and Amortisation) of Rs 11.7 crore. According to the release, during calendar year 2024, Fusebox demonstrated strong growth with year-to-date revenue (January - July) at Rs 116.6 crore with an EBITDA of Rs 33.3 crore. "We see a large opportunity in building an IP based global