News Summary

Krafton, the South Korean gaming giant known for PUBG: Battlegrounds, has acquired a controlling stake in the Indian gaming studio Nautilus Mobile for $14 million. This acquisition gives Krafton a ‘north of 75%’ stake in the Pune-based studio, renowned for its Real Cricket franchise. Nautilus will continue to operate independently with all 45 employees remaining on its payroll. The acquisition aligns with Krafton’s strategy to strengthen its presence in India, a key market for the company. India’s mobile gaming industry is rapidly growing, with mobile games accounting for 77.9% of the country’s gaming revenue. Krafton’s investment in Nautilus is part of its broader strategy to tap into the potential of cricket games and expand into other cricket-playing nations. This move follows Krafton’s previous investments in India, which have totaled over $200 million, excluding the Nautilus Mobile acquisition.