Ei.Ventures And Orthogonal Thinker Acquire 12X12 Estate In The Sandbox In Anticipation Of Psly.Com Launch Post-Merger With Mycotopia Therapies In Q1 2022
Jan 06, 2022•almost 4 years ago
Acquiring Company
Ventures
Acquired Company
12x12 Estate
KiheiDescription
Ei.Ventures, along with Orthogonal Thinker, is excited to announce the acquisition of a 12x12 estate in The Sandbox, a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain. This purchase represents the third-largest land sale in the Metaverse and is valued at $2.22M. The land will be called PSLY.COM, the name of the soon-to-be merged company of Ei.Ventures with Mycotopia Therapies.
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