Fan Stake, Inc. acquires strategic assets of Fantribe(TM) to enhance its presence in sports and entertainment industries

Dec 11, 2024•about 1 year ago

Acquiring Company

Fan Stake

Acquired Company

Fantribe(TM)

West Palm Beach

Description

Fan Stake, Inc. and Fanstake.io have announced a name change and the acquisition of strategic assets of Fantribe(TM), reinforcing the company's position within the sports and entertainment industries.

Company Information

Company

Fan Stake

Location

222 Lakeview Ave, Suite 800

West Palm Beach, Florida, United States

M&A Insights

Based on deal data

Integration 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

Fan Stake, Inc. acquires strategic assets of Fantribe(TM) to enhance its presence in sports and entertainment industries

Description

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M&A Insights

Company Information