Head Digital Works buys Adda52 parent for ₹491 cr
The Indian online gaming industry has witnessed another significant development with the acquisition of Deltatech Gaming Limited (DGL), the parent company of Adda52, by Head Digital Works Private Limited (HDW) for ₹491 crore. This acquisition marks a major milestone for both companies, further solidifying their positions in the Indian online gaming landscape.
According to reports, the transaction will be completed in two tranches. Initially, HDW will acquire a 51% stake in DGL, followed by a merger between the two companies. As a result of the merger, DGL will cease to exist as a separate entity, and its holdings will be absorbed into HDW. The merged entity will maintain a 5.7% stake in HDW.
The acquisition is subject to regulatory approvals and other customary conditions. The deal is expected to be completed in the coming months.
Adda52, a popular online poker platform, has been a major player in the Indian online gaming market. The company has been successful in attracting a significant user base and has established itself as a credible brand in the industry. The acquisition by HDW is expected to provide Adda52 with additional resources and expertise to further grow its user base and expand its offerings.
HDW, the parent entity of A23, is a well-established online gaming company with a strong presence in the Indian market. The company has been successful in creating engaging gaming experiences for its users and has a diverse portfolio of games. The acquisition of DGL is seen as a strategic move by HDW to expand its offerings and strengthen its position in the Indian online gaming market.
The acquisition is also expected to create new opportunities for Adda52, including access to HDW’s extensive network of gamers, its robust technology infrastructure, and its expertise in game development and marketing. This is likely to enable Adda52 to expand its user base and offer more innovative gaming experiences to its customers.
The Indian online gaming industry has been growing rapidly in recent years, driven by increasing adoption of smartphones and the rise of online gaming platforms. The industry is expected to continue to grow, driven by increasing demand for online gaming experiences and the emergence of new technologies such as virtual and augmented reality.
The acquisition of DGL by HDW is seen as a significant development in the Indian online gaming industry, marking a major milestone in the growth and development of the sector. The deal is expected to create new opportunities for both companies, enabling them to expand their offerings and strengthen their positions in the market.
The acquisition is also expected to have a positive impact on the Indian gaming ecosystem, creating new opportunities for game developers, publishers, and other stakeholders in the industry. The deal is likely to attract more investment and attention to the Indian online gaming industry, further solidifying its position as a major player in the global gaming landscape.
In conclusion, the acquisition of DGL by HDW for ₹491 crore is a significant development in the Indian online gaming industry. The deal is expected to create new opportunities for both companies, enabling them to expand their offerings and strengthen their positions in the market. The acquisition is also likely to have a positive impact on the Indian gaming ecosystem, creating new opportunities for game developers, publishers, and other stakeholders in the industry.
Source: https://inc42.com/buzz/head-digital-works-buys-adda52-parent-for-inr-491-cr/
