Acquiring Company
Orange Cap Games
Acquired Company
Yuga Labs
Description
Orange Cap Games has acquired the Moonbirds NFT intellectual property from Yuga Labs, marking the latter's strategic refocus. This is Yuga's third IP sale in 2022, following CryptoPunks and Meebits. The future direction of Moonbirds under Orange Cap remains unclear, but ambitions in the NFT gaming space appear central to their plans.
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