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New Deal


Announced

BIGG Digital Assets to acquire TerraZero Technologies for $20m.

Financials

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Transaction Value£15m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Metaverse development group

Web3 technology

immersive experiences

Digital Services

Canada

Acquisition

Majority

Domestic

Friendly

Private

Pending

Single Bidder

Synopsis

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BIGG Digital Assets, a Canada-based company, which owns, operates and invests in crypto businesses, agreed to acquire TerraZero Technologies, a vertically integrated Metaverse development group and leading Web3 technology company specializing in helping brands create immersive experiences, for $20m. “At BIGG, we have been dedicated to investing in or acquiring early stage leaders in their markets, and that is exactly what TerraZero has accomplished in a very short period of time. The addition of TerraZero as a wholly-owned subsidiary of BIGG gives our shareholders further diversity and reach into the metaverse business. TerraZero will strengthen our balance sheet, add new revenue streams, and perhaps most importantly provide a blue sky opportunity via their Intraverse product for mindshare and marketshare in the metaverse,” Mark Binns, BIGG CEO.

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