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GlobeNewsWire
1 year ago
Arctic7 Set To Be Acquired By Media, Technology & Entertainment Company Grom Social Enterprises, Inc
Florida-based, NASDAQ-listed entertainment provider enters into Letter of Intent to acquire Arctic7 to broaden its portfolio of offerings 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.