Infinite Reality Acquires The Drone Racing League For $250M
Portfolio Pulse from Benzinga Newsdesk
Infinite Reality has acquired The Drone Racing League for $250 million, enhancing its position in the immersive technology, digital media, and entertainment industries. This move comes as part of its go-public transaction with Newbury Street Acquisition Corporation (NASDAQ:NBST).
April 23, 2024 | 11:09 am
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Newbury Street Acquisition Corporation's involvement in Infinite Reality's acquisition of The Drone Racing League and its go-public transaction could positively influence its stock price.
The acquisition of The Drone Racing League by Infinite Reality, facilitated through a go-public transaction with NBST, is likely to generate positive investor sentiment. This strategic move not only diversifies NBST's investment portfolio but also aligns it with the growing sectors of immersive technology and digital entertainment, potentially increasing its stock value in the short term.
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