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Relativity Acquisition Corp signs LOI for $500M merger with Mazaii Corp Ltd.

Jul 11, 2024•over 1 year ago

Acquiring Company

Relativity Acquisition

Acquired Company

Mazaii Ltd

Las VegasMontrealGamingGambling

Description

Relativity Acquisition Corp. has signed a letter of intent for a proposed business combination with Mazaii Corp Ltd., a Montreal-based innovator in the iGaming industry. The transaction values Mazaii at an initial enterprise value of U.S. $500 million, positioning Relativity to acquire 100% of Mazaii's outstanding equity and equity equivalents.

Company Information

Company

Relativity Acquisition

Location

Las Vegas, Nevada, United States

About

Relativity Acquisition Corp is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

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