Tiger Electronic Games to acquire electronic shooting games maker Electronic Scrabble Games

Tiger Electronic games has acquired electronic scrabbles maker ElectronicScrabbleGames for a reported Rs. 1,000 crore.

The deal is expected to close in March.

The deal is valued at Rs. 2,000-2,500 crore.

ElectronicScribbles will focus on digital games for smartphones and tablets.

The acquisition is expected boost Tiger’s mobile-first strategy as it looks to gain traction in the lucrative smartphone market.

Tiger will retain its 20% stake in the business and its 20%, 20% and 30% ownership in ElectronicScribe, which will continue to focus on mobile games.

Electronic Scribe will also retain its existing 25% stake.

Tiger said in a statement that the deal will “make ElectronicScabbleGames a truly global leader in electronic scrabs”.

ElectronicScabs is also working with Tiger on new products.