Infinite Reality Completes $470M Acquisition of ReKTGlobal

July 6, 2022 1:58 PM

Los Angeles-based Infinite Reality said on Tuesday that has completed its $470M acquisition of esports and entertainment company ReKTGlobal. The company said the merged company has a post-close valuation of $2.47 billion. Infinite Reality said it will incorporate ReKTGlobal’s entertainment and esports business into its social, gaming, virtual and remote production, NFT minting, UGLC, and Metaverse creation efforts. Read more here.