Announced
Financials
Tags
Metaverse development group
Web3 technology
immersive experiences
Digital Services
Canada
Acquisition
Majority
Domestic
Friendly
Private
Pending
Single Bidder
Synopsis
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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