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Marvion Announces Us$15Million Acquisition Of Intellectual Property Assets From Euro Amazing Limited Following Initial Success From Sales Of Movie Remake Licenses

Jun 08, 2023•over 2 years ago

Acquiring Company

Marvion's DOT

Acquired Company

Property Assets

Intellectual PropertyLegal

Description

Marvion, a Metaverse Blockchain company and a fully owned subsidiary of Bonanza Goldfields Corp. (OTC:BONZ), has announced the successful acquisition of a portfolio of valuable intellectual property assets from Euro Amazing Limited. This counts as the second round of acquisition to date, following the initial success of sales from the first batch of movie remake licenses acquired from Euro Amazing Limited in April 2022.

Company Information

Company

Marvion's DOT

About

Marvion's DOTs are integrated, best in class, digital ownership token (DOT) that contains a smart contract that can execute transactions and also contains the specific legal terms of the intellectual property ownership, license and/or rights. Each DOT contains the following: A copy of the SPA for the purchase of the master license. Evidence or warranty of ownership of the relevant intellectual property. Ownership of the sub-license detailing the rights of the DOT holder. Image/video/music or other file depending on what the asset is. SOURCE Bonanza Goldfields Corp.

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