Bonanza Goldfields Corp (Otc:Bonz) Completes Acquisition Of Hybrid Nft Firm Marvion™ Holdings Limited
Oct 26, 2021•almost 4 years ago
Acquiring Company
OTC
Acquired Company
Hybrid NFT (h-NFT)
OtherMobileSoftware
Description
Bonanza Goldfields Corp (OTC: BONZ) ("Company") is pleased to announce that the acquisition of MarvionTM Holdings Limited ("Marvion"), initially announced on Oct. 25, 2021, was completed on Oct 18, 2021.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed