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New Deal


Announced

Completed

Yuga Labs completed the acquisition of WENEW.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

NFTs

Majority

Friendly

Completed

Single Bidder

United States

Digital Services

Acquisition

Private

Synopsis

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Yuga Labs, a web3 company, completed the acquisition of WENEW, an NFT startup. Financial terms were not disclosed. "Figge, Beeple, and the WENEW team have found a way to create a captivating serialized story for web3, while also managing to tap into the passion people have for their digital avatars and customization. Storytelling and world-building are foundational at Yuga and I’m thrilled that we get to work with the creative mind hive at WENEW in a much more robust way. The possibilities of what we can do together are endless," Greg Solano, Yuga Labs Co-Founder.

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