Infinite Reality Acquires Napster for $207 Million

Infinite Reality Acquires UK-based Landvault for $450M; Raises $350M Minority Investment

July 16, 2024

Media & Entertainment

Infinite Reality announced a $350 million minority equity investment from an undisclosed private multi-family office that values the company at $5.1 billion. Separately, iR agreed an all-stock acquisition of UK immersive-technology firm Landvault for $450 million to add digital-twin, spatial-computing and monetization capabilities and expand its Middle East and European footprint.

Infinite Reality Acquires Drone Racing League (DRL) for $250 Million

April 22, 2024

Media & Entertainment

Infinite Reality (iR) signed a definitive agreement to acquire the Drone Racing League (DRL) for $250 million. The deal is intended to expand iR’s immersive technology and media/sports ecosystem and is expected to close in the second quarter of 2024, subject to regulatory approvals and closing conditions.

Infinite Reality Acquires Action Face to Add AI 3-D Avatar Capabilities

June 4, 2024

AI & Machine Learning

Infinite Reality (iR) has acquired Action Face, Inc., an AI-powered 3-D avatar creation platform, in an all-stock transaction. iR will integrate Action Face’s photorealistic avatar, AR/Action Clip and 3D-printing capabilities to deepen personalization across its immersive media and ecommerce offerings in sports, entertainment and retail.

Stingray Group Acquires TuneIn Holdings

December 19, 2025

Cloud & SaaS

Stingray Group Inc. entered into a definitive agreement to acquire TuneIn Holdings, a live audio streaming and ad monetization platform. The deal is valued at up to US$175 million (US$150 million paid at closing and up to US$25 million payable one year later) and was expected to close by year-end 2025; a later announcement confirmed the acquisition closed.

Kraken Acquires NinjaTrader for $1.5 Billion

March 21, 2025

Financial Services

Kraken has entered into an agreement to acquire NinjaTrader, the U.S. retail futures trading platform, in a deal valued at $1.5 billion subject to purchase price adjustments. NinjaTrader is majority-backed by Long Ridge Equity Partners and is expected to continue operating as a standalone platform under Kraken’s suite of trading and payments applications.

InfiniteWorld Plans to Go Public via Merger With Aries I Acquisition Corporation (JPG)

December 13, 2021

Cloud & SaaS

InfiniteWorld (Infinite Assets, Inc.), a metaverse infrastructure platform, entered into a definitive agreement to combine with Aries I Acquisition Corporation, a Nasdaq-listed SPAC, to become a publicly traded company. The transaction is expected to value the combined company at approximately $700 million (pro forma equity value), with InfiniteWorld stockholders rolling 100% of their equity and owning about 74.5%–81% depending on share price milestones.