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Krafton acquires controlling stake in Indian gaming studio Nautilus Mobile for $14M
Krafton, known for its titles PUBG and BGMI, has acquired a controlling stake in 12-year-old Indian mobile gaming studio Nautilus Mobile.
The Pune-based studio will continue to operate independently after the deal, which is expected to close by the end of the month, with all its 45 employees remaining on Nautilus’s payroll, Krafton told TechCrunch. Real Cricket 24 Image Credits: Nautilus MobileKrafton aims to strengthen Nautilus’s “core competence” in mobile cricket games — where demand is high in cricket-loving India — by refining its existing titles in the short term and exploring new genres in the long term, Sean Hyunil Sohn, CEO at Krafton India, said in an interview. Krafton, which saw 119.3% year-over-year growth in its net profit last year to roughly $889 million (KRW 1.3 trillion), sees India as a promising and key market to continue its success.
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