Crypto Metaverse News

Metaverse Firm Infinite Reality To Buy Esports Company ReKT

The metaverse company Infinite Reality has agreed to purchase esports giant ReKT Global for $470 million in an all-stock deal, bolstering Infinite’s plan to expand its offerings. With the acquisition, Infinite said it seeks to add ReKT’s entertainment and esports business to its existing platform, which covers social media, gaming, virtual and remote production, NFT minting, content, and metaverse creation.

“The synergies across our combined business units from content creation to Web 3 entertainment to APIs and more are awe-inspiring,” said John Acunto, the CEO of Infinite Reality.

ReKT is known for its esports teams such as Team Rogue and London Loyal Ravens. Rogue has garnered 14 world titles and 23 major championships, according to ReKT’s website. Celebrity DJ Steve Aoki is one of ReKT’s investors.

(All information was provided by CoinDesk)

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