Banzai Announces Definitive Agreement to Acquire OpenReel, Growing TTM Revenue 152% to $10.9M
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Banzai International, Inc. (NASDAQ: BNZI) has announced a definitive agreement to acquire OpenReel, a digital video creation platform. This acquisition is expected to increase Banzai's trailing twelve-month revenue by 152% to $10.9 million.
December 10, 2024 | 1:45 pm
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Banzai International is acquiring OpenReel, which will increase its TTM revenue by 152% to $10.9 million. This acquisition adds a branded video creation platform to Banzai's offerings.
The acquisition of OpenReel is a significant move for Banzai, as it not only expands their product offerings but also substantially increases their revenue. This is likely to be viewed positively by investors, leading to a potential increase in stock price.
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