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Doodles To Acquire Animation Studio Golden Wolf

Jan 23, 2023over 2 years ago

Acquiring Company

Doodles

Acquired Company

Animation Studio

Miami

Description

Doodles, a leading Web3, media and entertainment brand, today announced that it has agreed on terms to acquire award-winning animation studio, Golden Wolf. The acquisition signals a significant move that strengthens Doodles' resources to evolve the leading Web3 brand into one of the world's most innovative franchises. As part of the acquisition, Golden Wolf’s team would be joining Doodles, bringing their expert experience in animation, visual storytelling, and content creation on a global scale. The acquisition is expected to close in the next few weeks.

Company Information

Company

Doodles

Location

Miami, Florida, United States

About

Doodles is a joyful collection of 10,000 NFTs co-founded by digital artist Burnt Toast and Web3 pioneers Evan Keast and Jordan Castro. Since its launch in October 2021, Doodles has quickly become one of the most beloved collections since the birth of NFTs, thanks to its inclusive characters, colorful world, and passionate community––combined with its innovative roadmap. Notable collectors include Justin Bieber, Future, Gary Vee, Snoop Dog, Fat Joe, Kygo, Diplo, Steve Aoki, Pranksy, and others.

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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