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Stock impact report

Arctic7 Set To Be Acquired By Media, Technology & Entertainment Company Grom Social Enterprises, Inc [Yahoo! Finance]

Grom Social Enterprises Inc. (GROM) 
Company Research Source: Yahoo! Finance
Arctic7 bolsters strategy to become a leader in the intersection of game development, co-development, virtual production, transmedia IP extension AUSTIN, Texas, March 14, 2024 (GLOBE NEWSWIRE) -- Arctic7, which provides a robust suite of full game and co-development services together with own intellectual property development within gaming, and virtual production services for the movie and TV industry, has today announced it has agreed to be acquired by Grom Social Enterprises, Inc (NASDAQ: GROM). Grom – a media, technology, and entertainment company focused on family-friendly programming, web filtering technology and safe social media for kids – has entered into a non-binding letter of intent to acquire Arctic7. Grom aims to complement its existing entertainment offerings of safe, social media for kids and its growing catalog of original intellectual property with a move into gaming. Arctic7 CEO Igor Efremov said: “Our vision for Arctic7 is to become a leader in the gaming and Show less Read more
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