Krafton Acquires Controlling Stake in Nautilus Mobile for $14M

Krafton Acquires Controlling Stake in Nautilus Mobile for $14M
Krafton, the South Korean gaming giant, has announced its acquisition of a controlling stake in Indian gaming studio Nautilus Mobile for $14 million. The deal grants Krafton over 75% ownership of the Pune-based studio, known for its popular Real Cricket franchise. Nautilus will continue to operate independently and retain its 45 employees. Krafton aims to enhance Nautilus's mobile cricket games and expand its offerings in India’s rapidly growing mobile gaming market. This acquisition is part of Krafton's broader strategy to deepen its presence in the Indian gaming landscape, which is projected to generate $1.1 billion by 2028.