WISA's Stockholders Approve Acquisition of Data Vault Holdings' Assets
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WiSA Technologies' stockholders have approved the acquisition of Datavault's IP and IT assets from Data Vault Holdings. The deal is valued between $266 million and $501 million, according to a fairness opinion.
December 24, 2024 | 4:30 pm
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WiSA Technologies has received stockholder approval to acquire Datavault's IP and IT assets, valued between $266M and $501M. This strategic acquisition could enhance WiSA's technological capabilities and market position.
The approval of the acquisition by WiSA's stockholders is a significant step forward, indicating strong support for the strategic move. The acquisition is expected to enhance WiSA's technological capabilities and market position, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100