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Nazara Acquires Djuzz & MyGamma From BuzzCity

Update: We missed this earlier: Startup Central had reported that BuzzCity's founders bought stake back from Naspers. Thanks for the headsup @wpruvot Exclusive: Djuzz, the BuzzCity owned mobile games and applications portal, which was supposed to be shuttered by December 31, 2012, has been acquired by mobile games company Nazara Technolgoes*(Hat tip - Deepak Abbot). In addition to this, the company has acquired BuzzCity's mobile social networking property MyGamma, with around 4 million monthly unique users. BuzzCity plans to focus on its mobile advertising service, and was shutting down Djuzz. Nazara Founder and CEO Nitish Mittersain told MediaNama that they are building a "GCity gaming network", looking to attract consumers with free content, and will use freemium models for monetization. "60% of MyGamma and Djuzz users are from India, and we get a headstart with the userbase." Djuzz has sent an email to its partners,…

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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