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News on Medial
OneVerse continues acquisition trail, acquires Calling Station, Batball11
Thehindubusinessline
·
1y ago
Medial
Metaverse and gaming technology company OneVerse has acquired online poker platform Calling Station and fantasy sports platform BatBall11. The deal, the value of which was not disclosed, is part of OneVerse's strategy to solidify its position in the gaming market and become India's leading gaming entity. The company has recently acquired online game development studio Spartan Poker as well and plans to close a few more acquisitions within the next three months. This move comes at a time when real money gaming companies are struggling due to the impact of GST and economic challenges.
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Related News
OneVerse acquires e-gaming companies Calling Station and BatBatt11
Entrackr
·
1y ago
Medial
Metaverse and gaming technology platform OneVerse has acquired two companies: Calling Station, and BatBall11. The acquisitions will help OneVerse to solidify its position in the gaming market, as per the company. Calling Station develops online games and delivers superior experience with safety and security while BatBall11 is a rewards-based fantasy sports platform for multiple sports which enables users to make virtual teams to win prizes. The Bengaluru-based company is looking to acquire more companies in the next three months as a part of a larger strategy announced earlier, it said in a press release. In February, OneVerse acquired online poker platform Spartan Poker as part of its plan to acquire 13 companies. It also announced a $120 million worth fund which will be used to acquire eight companies. Founded by Paul Michael, OneVerse is a MetaVerse platform which is dedicated to enable an immersive experience for gamers. It aims to continue to redefine industry standards and shape the future of gaming. The company plans to invest an additional Rs 250 Crore across its portfolio of investments
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OneVerse acquires e-gaming companies Calling Station and BatBall11
Entrackr
·
1y ago
Medial
Metaverse and gaming technology platform OneVerse has acquired two companies: Calling Station, and BatBall11. The acquisitions will help OneVerse to solidify its position in the gaming market, as per the company. Calling Station develops online games and delivers superior experience with safety and security while BatBall11 is a rewards-based fantasy sports platform for multiple sports which enables users to make virtual teams to win prizes. The Bengaluru-based company is looking to acquire more companies in the next three months as a part of a larger strategy announced earlier, it said in a press release. In February, OneVerse acquired online poker platform Spartan Poker as part of its plan to acquire 13 companies. It also announced a $120 million worth fund which will be used to acquire eight companies. Founded by Prashant Joshua, OneVerse is a MetaVerse platform which is dedicated to enable an immersive experience for gamers. It aims to continue to redefine industry standards and shape the future of gaming. The company plans to invest an additional Rs 250 Crore across its portfolio of investments
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OneVerse Acquires Calling Station And BatBall11
Inc42
·
1y ago
Medial
Metaverse and gaming tech startup OneVerse Gaming has acquired online poker platform Calling Station and fantasy sports platform BatBall11 to strengthen its presence in the gaming industry. The financial terms of the transactions have not been disclosed. These acquisitions come after OneVerse Gaming recently acquired online game development studio Spartan Poker. OneVerse Gaming plans to make further acquisitions in the real-money gaming (RMG) and casual gaming sectors and has also planned an additional investment of INR 250 crore ($31 million). The company aims to bring various gaming players together and take advantage of favorable market conditions.
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OneVerse Marks Fourth Buy In Gaming Space With PokerSaint
Inc42
·
1y ago
Medial
Metaverse and gaming tech startup OneVerse Gaming has acquired online poker platform PokerSaint, marking its fourth acquisition in the gaming space. The financial terms of the deal were not disclosed. OneVerse Gaming, which has previously acquired Calling Station, Spartan Poker, and BatBall11, has plans for further acquisitions in real money gaming and casual gaming categories. The company is also seeking an additional investment of INR 250 crore ($31 million) in its portfolio of planned investments. The Indian online gaming startup ecosystem has faced challenges recently due to macroeconomic factors and increased taxation.
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Alation acquires Numbers Station to bolster its AI agent offerings | TechCrunch
TechCrunch
·
2m ago
Medial
Alation has acquired Numbers Station to enhance its AI agent offerings. Numbers Station, known for creating AI-native data applications, will help Alation integrate AI-driven data management solutions. This acquisition aims to facilitate large language models' interaction with enterprise data, overcoming challenges like hallucinations. Alation plans to incorporate Numbers Station's products into its platform soon, enabling faster workflow automations. Alation, founded in 2012, serves over 600 enterprises and has raised substantial venture funding.
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OneVerse acquires Spartan Poker; sets aside $120 million for M&A in real-money gaming
Economic Times
·
1y ago
Medial
OneVerse, a Metaverse and gaming tech company, has acquired online poker startup Spartan Poker and plans to invest $120 million in mergers and acquisitions targeted towards real-money gaming companies in India. The company aims to counter the cost pressures of high taxation and customer retention in the gaming industry. OneVerse plans to expand its operations in Europe and America as well, while focusing on player retention strategies and creating value for the gaming sector. The move comes amid a reduction in users due to the impact of taxation on the gaming industry.
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OneVerse acquires Spartan Poker for undisclosed amount
Entrackr
·
1y ago
Medial
MetaVerse and gaming tech company OneVerse has acquired online poker platform, Spartan Poker, for an undisclosed amount. This is a continuation of OneVerse’s M&A strategy looking to consolidate the gaming market, OneVerse said in a press release. It added that the recent macroeconomic headwinds have unlocked momentum for M&A opportunities, and the company is looking to close a few additional acquisitions in the next three months for $120 million. Spartan Poker’s founder and CEO Amin Rozani said, “…This acquisition opens up new horizons for creativity and technological advancements, and we look forward to creating extraordinary customer gaming experiences together.” The development comes six months after Spartan Poker fired 40% of its workforce or 125 employees due to the government’s 28% GST on real-money gaming companies. With over 2 million registered users, Spartan is one of the largest online platforms for poker in India. It has also not raised venture capital to date. Spartan claims that it clocked a revenue of Rs 200 crore but its consolidated financial statements with the RoC showed that it made Rs 95 crore in FY23 while its losses stood at Rs 6.21 crore in the same period. The consolidation appears to be driven by the 28% GST rule introduced by the Indian government effective from October last year. Since then, a clutch of startups including Fantok, One World Nation (OWN), and Quizy shut their operations while MPL, and Hike Rush Gaming have fired more than 400 employees, cumulatively. Dream11, the largest player in the space, was also impacted heavily by the GST crackdown. The firm had shut down its investment arm Dream Capital and projected an 80% fall in its profits in the ongoing fiscal.
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GoKwik acquires Shopify app Return Prime, forays into global market
Economic Times
·
11m ago
Medial
Bengaluru-based eCommerce enabler GoKwik has acquired Return Prime, a returns management app in the Shopify ecosystem. The acquisition allows GoKwik to enter international markets such as the UK, Europe, and the US. Return Prime provides a platform for brands to manage returns and convert them into revenue opportunities. Efficient returns management has become crucial for merchants as online shopping continues to grow. With this acquisition, GoKwik aims to improve the customer experience, boost merchant revenue, and increase customer lifetime value. The company plans to onboard 10,000 new merchants and expects significant revenue growth in the coming years.
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There’s another leak on the ISS, but NASA is not saying much about it
Arstechnica
·
1m ago
Medial
There is another leak on the International Space Station (ISS), causing NASA to delay a crew launch. The leak, located in the Russian Zvezda module, poses a serious concern due to the station's aging hardware. Although recent repairs seemed to halt the leak, overall air pressure inside the station continues to drop, suggesting potential seal issues. NASA is monitoring the situation closely, and further troubleshooting may affect future mission timelines.
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Barry Diller says Trump Media is 'a scam' and people buying shares are 'dopes'
Business Insider
·
1y ago
Medial
Barry Diller, media mogul and chairman of IAC and Expedia Group, criticized Trump Media, calling its shareholders "dopes" and referring to the company as a scam. Diller pointed out that the company has no revenue and questioned why anyone would see it as a valuable investment. He compared the enthusiasm around Trump Media's debut to the frenzy around meme stocks like Gamestop. Additionally, Diller mentioned that Donald Trump's appeal is temporary as he is currently entertaining people on the campaign trail. The company's stock has plummeted since its initial surge, and short-sellers are already betting against it.
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