Abqq Announced Acquisition Of Stareastnet Nft Movie And Music Marketplace
Sep 29, 2021•about 4 years ago
Acquiring Company
ABQQ
Acquired Company
STAREASTnet NFT Movie Marketplace
Description
AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm, announces acquisitions 100% stake of STAREASTnet NFT Movies and Music Marketplace (NFT MMM).
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed