M&A Deal Summary

Infinite Reality Acquires ReKTGlobal

On April 12, 2022, Infinite Reality acquired business services company ReKTGlobal for 470M USD

Acquisition Highlights
  • This is Infinite Reality’s 1st transaction in the Business Services sector.
  • This is Infinite Reality’s largest (disclosed) transaction.
  • This is Infinite Reality’s 1st transaction in the United States.
  • This is Infinite Reality’s 1st transaction in New York.

M&A Deal Summary

Date 2022-04-12
Target ReKTGlobal
Sector Business Services
Buyer(s) Infinite Reality
Deal Type Add-on Acquisition
Deal Value 470M USD

Target

ReKTGlobal

Albany, New York, United States
ReKTGlobal is an esports infrastructure company that bridges the gap between the multi-billion-dollar business of traditional sports and the burgeoning business of esports and competitive gaming. ReKTGlobal was established in 2016 and is based in New York.

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Buyer(S) 1

Buyer

Infinite Reality

Norwalk, Connecticut, United States

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 1 of 5
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (New York) 1 of 2
Country (United States) 1 of 5
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Ethereal

Los Angeles, California, United States

Ethereal is a creator of end-to-end frameworks for web-first, social immersive experiences to create experiences and games directly in the web browser without app stores or game engine royalties across all devices. Ethereal is based in Los Angeles, California.

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