M&A Deal Summary

Infinite Reality Acquires Drone Racing League

On April 22, 2024, Infinite Reality acquired media company Drone Racing League

Acquisition Highlights
  • This is Infinite Reality’s 1st transaction in the Media sector.
  • This is Infinite Reality’s 4th transaction in the United States.
  • This is Infinite Reality’s 2nd transaction in New York.

M&A Deal Summary

Date 2024-04-22
Target Drone Racing League
Sector Media
Buyer(s) Infinite Reality
Deal Type Add-on Acquisition

Target

Drone Racing League

New York, New York, United States
website
Drone Racing League provides proprietary technology, custom drones, and in-house media and event experts to host global, professional drone races for elite pilots and create thrilling drone racing content. DRL was founded in 2015 and is based in New York City.

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Buyer(S) 1

Buyer

Infinite Reality

Norwalk, Connecticut, United States

website


Category Company
Sector Business Services
DESCRIPTION

Infinite Reality is fostering a revolution of data, commerce, online authenticity, and digital transparency. The company's vision of an open Metaverse makes each brand, creator, and fan the master of their own internet experience, their own data, the ways in which they distribute content and sell products, and the ways in which they interact with one another. iR provides the tools and services that companies and creators need to develop compelling open Metaverse experiences. Its Metaverse Empowerment Group advises, manages, designs, and oversees these custom features leveraging our expert internal and creator community resources. iR's Entertainment division, anchored by Thunder Studios, provides production, broadcasting, and streaming services to the world's best talent, brands, and creators. Infinite Reality is based in Norwalk, Connecticut.


DEAL STATS #
Overall 4 of 4
Sector (Media) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (New York) 2 of 2
Country (United States) 4 of 4
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Stakes

Los Angeles, California, United States

Stakes is a social sports platform that allows fans to compete, prove their sports knowledge, and engage with their communities. Stakes was founded in 2022 and is based in Los Angeles, California.

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