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Metaverse company Infinite Reality has acquired esports giant ReKT Global in a $470 million all-stock deal.
Rekt is a big name in the world of esports and is known for its teams, Team Rogue and London Loyal Ravens. Team Rogue is good for a total of 14 world titles and 23 major championships.
Set to expand its offerings, Infinite said in a press release that the ReKT acquisition is aimed at consolidating its entertainment and esports business into its existing platform, which includes social, gaming, virtual and remote production, non-fungible token (NFT) minting, content and metaverse creation.
Infinite CEO, John Acunto, said:
“This acquisition is another step in our journey towards becoming the leading Metaverse Entertainment company in the world. The synergies across our combined business units from content creation to Web3 entertainment to APIs and more are awe inspiring.
350% or 5BTC + 150 Spins!
New players only. Exclusive Welcome Bonus of 350% + 150 Free SpinsWe look forward to working with ReKTGlobal’s senior leadership to integrate our valuable combined assets and accelerate Infinite Reality’s growth.”
Amish Shah, ReKTGlobal Founder and Chairman, said:
“We are extremely excited to announce this acquisition to all of our investors, employees, and clients, as well as all Rogue and Royal Raven fans around the world.
Our journey does not end today. We are beginning the next chapter in our evolution into the Metaverse. The explosive combination of our shared collective assets together creates a dominant, unstoppable force in the marketplace.”