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 grow Banzai's trailing twelve-month revenue by 152% to $10.9 million.
December 10, 2024 | 7:15 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 its product offerings but also substantially increases its revenue. This is likely to positively impact Banzai's stock price in the short term.
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