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Announced

Completed

eWorld completed the acquisition of a 10% stake in NFT Distribution.

Financials

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Transaction Value-
Consideration TypeOrdinary Shares, Preference Shares
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Minority

NFT

Private

Computer Hardware

Single Bidder

Domestic

United States

Acquisition

Friendly

Synopsis

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eWorld, an online marketing and advertising company, completed the acquisition of a 10% stake in NFT Distribution, a corporation focused on the curation of NFT artists and emerging companies into the NFT space. Financial terms were not disclosed. "This agreement with NFT Distribution is a major milestone for both companies that will deliver significant value to eWorld Shareholders. NFT Distribution, Inc. is a rapidly growing company with a strong presence and connection in the NFT and Web3 space. NFT Distribution currently has four highly anticipated projects in queue for release in 2022 and more expected to be added before year's end. This agreement strategically positions eWorld to immediately benefit from the explosive growth already underway with NFTs and Web3," Pablo Gallardo Wagner, eWorld Companies CEO.

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