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Nodwin Gaming Expands Global Presence with Acquisition of Evo Stake
ByAinvest
Friday, Aug 22, 2025 10:26 am ET1min read
Nodwin Gaming has acquired a majority stake in Evo, expanding its presence in the global fighting games esports market. Sony Interactive Entertainment sold its stake in Evo to Nodwin Gaming for an undisclosed amount. Nodwin is backed by SIE's parent, Sony Group Corporation, and is set to be an associate company of India's only listed gaming firm, Nazara Technologies.
Nodwin Gaming has secured a majority stake in the Evolution Championship Series (EVO), marking a significant expansion into the global fighting games esports market. Sony Interactive Entertainment (SIE) sold its stake in EVO to Nodwin Gaming for an undisclosed amount. Nodwin Gaming is backed by SIE's parent, Sony Group Corporation, and is set to become an associate company of India's only listed gaming firm, Nazara Technologies [1].The acquisition aligns with Nodwin's strategic plans to grow its presence in the esports industry. EVO, the premier fighting game tournament, has seen substantial growth in recent years, attracting a large and dedicated fan base. The Las Vegas event, held in 2025, drew 54,000 attendees, showcasing the tournament's popularity and potential for further expansion [2].
Under the new ownership structure, SIE will continue to serve as a global sponsor of EVO until 2028. This ensures that the PlayStation brand remains a significant component of the tournament experience, allowing SIE to showcase new products and in-development games at the events [3].
The acquisition also introduces a new global partner, Qiddiya, which is now an investor in co-owner RTS. This signals a growth and global expansion strategy for the Evolution Championship Series under its newly formed leadership structure [3].
Looking ahead, Nodwin Gaming's acquisition of EVO represents a strategic move to capitalize on the growing esports market, particularly within the fighting game genre. As EVO expands its presence internationally, with events planned in Europe and Asia, the tournament's impact and reach are expected to grow significantly.
References:
[1] https://wccftech.com/sony-interactive-sells-stake-in-evo-to-nodwin-gaming/
[2] https://www.sportsbusinessjournal.com/Articles/2025/08/21/nodwins-acquisition-of-evo-from-sony-fits-with-series-expansion-plans/
[3] https://www.technetbooks.com/2025/08/evo-co-owned-by-nodwin-gaming-after.html
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