Tritent Bolsters Creator Economy Footprint with FanTribe Acquisition

Deal News | Jan 14, 2025 | Globenewswire

Tritent International Corp., a company known for investing in high-growth businesses, has signed a definitive agreement to acquire FanTribe Inc., a digital media company operating in the creator economy. The deal, an all-share acquisition, sees Tritent taking full ownership of FanTribe's assets in a tax-free transaction, involving the issuance of 13,100,000 Tritent shares to FanTribe shareholders. The acquisition aligns with Tritent's strategy to bolster its presence in the burgeoning creator economy, valued at $528 billion. FanTribe, renowned for enhancing fan and creator engagement through its digital platform, boasts partnerships with major brands such as Disney and Sony, as well as a robust membership increase driven by client successes like Athletes Unlimited. The acquisition, aimed at scaling FanTribe's operations, will enhance their digital media platform capabilities, which include personalized fan engagement tools and gamified rewards systems. Both companies anticipate growth and enhanced value creation for fans and stakeholders alike, as they leverage combined resources and expertise in the creator economy and digital media sectors. Tritent aims to facilitate FanTribe's transition into the public market, providing new opportunities for retail investors.

Sectors

  • Digital Media
  • Creator Economy

Geography

  • United States – Both Tritent International Corp. and FanTribe Inc. operate within the United States, with FanTribe headquartered in Florida.

Industry

  • Digital Media – The deal involves FanTribe, a company operating in digital media, focusing on fan engagement services.
  • Creator Economy – Tritent aims to expand its influence in the rapidly growing creator economy, an industry focused on content creators monetizing their work.

Financials

  • 13,100,000 Tritent shares – The consideration given to FanTribe shareholders for 100% of FanTribe's shares.

Participants

NameRoleTypeDescription
Tritent International Corp.AcquirerCompanyA publicly traded company that invests in high-growth businesses and strategic alliances.
FanTribe Inc.TargetCompanyA Florida-based digital media company focusing on fan engagement in the creator economy.
Reno CalabrigoCEO of TritentPersonReno Calabrigo is the CEO of Tritent International Corp., involved in announcing and overseeing the acquisition.
Michael FriedmanCEO of FanTribePersonMichael Friedman is the CEO of FanTribe Inc., facilitating its acquisition by Tritent.