NFT Investments revealed it intends to acquire Pluto Digital PLC, a crypto technology and venture company.
The deal, which will be for a consideration of £96 million, is pending shareholder approval. Once completed, the acquisition will create a global metaverse company. It is also expected to advance NFT’s investments in the non-fungible tokens sector as the Pluto Ventures division has invested heavily in NFTs and NFT gaming.
Jonathan Bixby, Executive Chairman of NFT Investments, said:
We are very excited about the prospects of Pluto and NFT merging to create a large global metaverse company.
This is a transformational deal that will provide us with the scale to expand and diversify our investment portfolio in a rapidly growing sector and thereby create long term value for shareholders.
