Rogue And London Royal Ravens Owner, ReKTGlobal, Bought For $470 Million By Metaverse CompanyReKTGlobal, the parent company of esports teams
Rogue and the London Royal Ravens, has been acquired by
Infinite Reality, a relatively unknown metaverse company, for
$470 million in stock, based on a
$2 billion equity valuation of Infinite Reality.
The deal, which is still pending approval, sees Infinite Reality acquire
all of the ReKTGlobal assets and brands, including the two esports franchises, as well as the multiple other business owned by the company such as
Greenlit Content, a content production agency specialising in the games and esports space, and
TalentX Entertainment, a talent management company with many high profile internet stars on its books.
For many years ReKTGlobal has been a
steadily growing company in the esports space, acquiring a number of successful businesses itself and becoming a serious player in the market.
