{"id":18419,"date":"2024-04-04T18:00:02","date_gmt":"2024-04-04T18:00:02","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/04\/nazara-games-subsidiary-to-acquire-ultimate-teen-patti-ip-from-games24x7\/"},"modified":"2024-04-04T18:00:02","modified_gmt":"2024-04-04T18:00:02","slug":"nazara-games-subsidiary-to-acquire-ultimate-teen-patti-ip-from-games24x7","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/04\/nazara-games-subsidiary-to-acquire-ultimate-teen-patti-ip-from-games24x7\/","title":{"rendered":"Nazara games subsidiary to acquire Ultimate Teen Patti IP from Games24x7"},"content":{"rendered":"
\"Nazara<\/div>


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Gaming company Nazara Technologies<\/a> will acquire intellectual property<\/a> rights pertaining to Ultimate Teen Patti<\/a> from Games24x7<\/a> for Rs 10 crore, the company said in a regulatory filing. Launched in 2015, Ultimate Teen Patti (UTP) is a free casual card game for entertainment purposes only and does not offer any real money to the players. <\/p>\n

“Next Wave Multimedia Private Limited, a subsidiary of the company, at their meeting held today i.e. on April 04, 2024, has approved the acquisition of all the Intellectual Property rights pertaining to the ‘UTP – Ultimate Teen Patti’ casual freemium card game software and associated trademarks,” the filing said. <\/p>\n

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The acquisition will be done by by way of assignment from U Games Private Limited, the subsidiary of Play Games24x7 Private Limited for an aggregate consideration of Rs 10 crore inclusive of applicable taxes, the filing said. <\/p>\n

Out of the total aggregate consideration of Rs 10 crore inclusive of applicable taxes, if any, as per the IP assignment agreement, Rs 9 crore has been paid. <\/p>\n

“The balance Rs 1 crore is expected to be paid upon completion of certain identified activities for transfer of services and backend integrations related to the UTP – IP Assets,” the filing said. <\/p>\n

The deal is expected to be closed within 90 days. <\/p>\n

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“The said acquisition of UTP – IP Assets, Nextwave will expand its offerings in the casual freemium gaming space,” the filing said.<\/div>\n

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Gaming company Nazara Technologies will acquire intellectual property rights pertaining to Ultimate Teen Patti from Games24x7 for Rs 10 crore, the company said in a regulatory filing. Launched in 2015, Ultimate Teen Patti (UTP) is a free casual card game for entertainment purposes only and does not offer any real money to the players. “Next […]<\/p>\n","protected":false},"author":2,"featured_media":18420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/88591548.cms","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[9398,3280,23897,23898,23899,23896,13951,23900,8677,1662,12791,23895],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/18419"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=18419"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/18419\/revisions"}],"predecessor-version":[{"id":18421,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/18419\/revisions\/18421"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/18420"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=18419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=18419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=18419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}