ReKTGlobal, the parent company of esports teams such as Call of Duty side London Royal Ravens and LEC champions Rogue, has been acquired in a deal worth around half a billion dollars.
Infinite Reality, a company focused on the metaverse and born out of a merger between Display Social, Thunder Studios and Infinite Metaverse, announced it has entered into a merger agreement to acquire ReKTGlobal.
The deal is worth $470m in stock, based on an equity valuation for Infinite Reality of $2bn, for a combined post-close valuation of $2.47bn.