Grom Social Enterprises, Inc. Announces Acquisition of Arctic7 to Expand Entertainment Offerings
Acquiring Company
Grom Social Enterprises, Inc.
Acquired Company
Arctic7
Boca RatonAustinOtherInformation TechnologyMedia And EntertainmentGamingVideo GamesDescription
Grom Social Enterprises, Inc., a Florida-based NASDAQ-listed entertainment company, has entered into a letter of intent to acquire Arctic7, a provider of game development, co-development, and virtual production services. The acquisition aims to broaden Grom's portfolio of offerings by integrating gaming capabilities and expanding its entertainment ecosystem.
Quick answer
Grom Social Enterprises, Inc. is acquiring Arctic7, announced March 14, 2024. Grom Social Enterprises, Inc. is based in Boca Raton, Florida, United States.
- How much did Grom Social Enterprises, Inc. pay for Arctic7?
- The deal value was not disclosed.
- What does Grom Social Enterprises, Inc. do?
- Grom Social Enterprises is an entertainment, technology and social media company dedicated to family friendly programming, web filtering technology, and safe, secure social media for kids.
- Where are Grom Social Enterprises, Inc. and Arctic7 based?
- Grom Social Enterprises, Inc. is based in Boca Raton, Florida, United States. Arctic7 is based in Austin, Texas, United States.
Source: Fundz verified event record.
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- VCI Global expands its technology portfolio with the acquisition of Playstack Limited's AI gamification brand engagement platforms (April 15, 2024)
- Canal+ increases shareholding in Multichoice to 40.01% (April 12, 2024)
- Golden Matrix Group Inc. completes acquisition of MeridianBet Group to expand global footprint and increase revenues (April 9, 2024)
- Grom Social Enterprises, Inc. to acquire Arctic7, Inc. to expand entertainment offerings through gaming (March 7, 2024)
- Aristocrat Leisure Completes $1.2 Billion Acquisition of NeoGames to Enhance iGaming and iLottery Solutions, $1.2B (April 26, 2024)
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Frequently asked
Who acquired Arctic7?
Arctic7 was acquired by Grom Social Enterprises, Inc., based in Boca Raton. The deal was reported on March 14, 2024. Grom Social Enterprises is an entertainment, technology and social media company dedicated to family friendly programming, web filtering technology, and safe, secure social media for kids. Grom Social Enterprises, Inc. is privately held and operates in Other.
When did Grom Social Enterprises, Inc. acquire Arctic7?
Grom Social Enterprises, Inc.'s acquisition of Arctic7 was reported on March 14, 2024. Grom Social Enterprises, Inc., a Florida-based NASDAQ-listed entertainment company, has entered into a letter of intent to acquire Arctic7, a provider of game development, co-development, and virtual production services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Arctic7 do?
Arctic 7 is a collective of studios, with teams around the world dedicated to offering full game development, co-development, and virtual production. Our studios include Narwhal Studios, Star Fort Games, Arctic7 Austin, and Arctic7 Montenegro. It is privately held, operating in Gaming, and is based in Austin.
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