Gamurs Group Announces Acquisition Of High Profile Gaming And Esports News Publications
Sep 29, 2022•about 3 years ago
Acquiring Company
GAMURS Group
Acquired Company
Royal Coal
Description
GAMURS, the leading gaming, esports, and entertainment media network, today announced it has acquired six high profile digital esports and gaming news publications from a NASDAQ and Toronto Stock Exchange-listed gaming entertainment company.
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