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New Deal


Announced

Candy Digital to merge with Palm NFT Studio.

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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United States

software development

Software

Acquisition

Merger

Domestic

Majority

Pending

Friendly

Single Bidder

Private

Synopsis

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Candy Digital, an engagement platform, agreed to merge with Palm NFT Studio, a web3 technology and production company. Financial terms were not disclosed. “Palm NFT Studio was founded to help artists, creators, and fans build new ways to connect. Over the course of the past two years, we've cultivated some of the largest communities in web3, and developed the technological infrastructure for some of the space's leading projects on the Palm network. Candy Digital and Palm NFT Studio’s unified technology platform scales our ability to create transformative experiences for fans. We look forward to working with Candy Digital to build the next generation of digital media and engagement," Daniel Heyman, Palm NFT Studio Co-Founder and CEO.

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