Annual reports, press releases from Infinite Reality

Infinite Reality Acquires Drone Racing League for $250M, Boosts Valuation to $3.5B

Apr 23, 2024, 11:10 AM

Infinite Reality, a company specializing in AI-powered immersive media and entertainment, has signed a definitive agreement to acquire Drone Racing League for $250 million in an all-stock transaction. This acquisition is expected to enhance Infinite Reality's valuation to $3.5 billion as it prepares for a public offering. Drone Racing League, which has evolved from a niche hobby into a significant player in the sports industry, will benefit from Infinite Reality's resources and vision to expand its technological and entertainment capabilities.