Alpha Metaverse Technologies Acquires Shape Immersive Entertainment Inc.
April 13, 2022
Alpha Metaverse Technologies Inc. has signed a definitive agreement to acquire 100% of Shape Immersive Entertainment Inc. The deal consideration includes cash and common shares of Alpha, milestone share issuances tied to market-cap milestones, and Shape will continue operating as a metaverse/AR/VR studio to expand Alpha’s Web3, NFT and immersive-gaming capabilities.
- Buyers
- Alpha Metaverse Technologies Inc.
- Targets
- Shape Immersive Entertainment Inc.
- Sellers
- Shape Shareholders
- Industry
- Media & Entertainment
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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