Metaverse Builder Seals $470M Deal for Esports Organization

July 7, 2022 2:00 PM

Metaverse builder Infinite Reality has closed its deal to acquire esports and entertainment conglomerate ReKTGlobal, Inc. for $470 million, valuing the combined entity at $2.47 billion.

The acquisition marks Infinite Reality’s first investment in competitive esports and allows the company to expand its reach in Web3 and the metaverse with ReKTGlobal’s community. Read more here.