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New Deal


Announced

Infinite Reality to acquire ReKTGlobal for $470m.

Financials

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Transaction Value£360m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

digital entertainment

Single Bidder

Private

United States

Domestic

Acquisition

Majority

Digital Services

Pending

Synopsis

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Infinite Reality, a metaverse innovation and entertainment company, agreed to acquire ReKTGlobal, an esports and entertainment conglomerate, for $470m. "The synergies across our combined business units from content creation to Web3 entertainment to APIs and more are awe inspiring. We look forward to working with ReKTGlobal's senior leadership to integrate our valuable combined assets and accelerate Infinite Reality's growth," John Acunto, Infinite Reality CEO.

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