Metaverse firm Infinite Reality has announced that it will acquire esports startup RektGlobal. The value of the deal was announced as 470 million dollars. Permission from RektGlobal’s shareholders and regulators is required before the acquisition occurs.
RektGlobal has many subsidiaries, including the esports organization Rogue. Infinite Reality has announced that it will acquire RektGlobal to expand its esports business. The acquisition payment will be made to stocks attributed to $2 billion in equity value for Infinite Reality.
Amish Shah, Founder, and Chairman of RektGlobal, said:
“I can’t comment on future plans but let’s just say that our fans are going to be real happy with what’s to come in the next few months. This is where the market is going and our next evolution for not just Rogue but all our assets at RektGlobal.”
John Acunto, CEO of Infinite Reality, adds:
“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.”
