Cosmic Wire Acquires ArtsGalore for $31.5 Million
March 28, 2022
Web3 company Cosmic Wire has acquired Dubai-based gallery ArtsGalore for $31.5 million. The acquisition brings ArtsGalore’s fine-art and NFT collections and founder Mohamedali Rashid — who will join Cosmic Wire as Chief Revenue Officer — into Cosmic Wire’s global Web3 and metaverse offering and supports the company’s expansion into Dubai and the Middle East.
- Buyers
- Cosmic Wire
- Targets
- ArtsGalore
- Industry
- Media & Entertainment
- Location
- Dubai, United Arab Emirates
- Transaction Type
- Buyout
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