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New Deal


Announced

Animoca-backed CryptoSlam and Forkast.News to form Forkast Labs.

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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Information / Data Services

Private

United States

Merger

Single Bidder

Hong Kong

Pending

Acquisition

web3 solutions

Cross Border

Friendly

Majority

blockchain development

Synopsis

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Animoca-backed CryptoSlam, a blockchain data analytics company, and Forkast.News, a Web3 media company, agreed to form Forkast Labs, a Web3-focused data intelligence and media platform. Financial terms were not disclosed. “This merger comes at a pivotal moment for the crypto industry. The entire industry has been valued against volatile price movements, which has created a high degree of speculation. Trust in crypto has been eroded as a result, but we have the power to change that with this merger," Angie Lau, Forkast.News Founder.

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