DAACI acquisition of MXX (2023)
deal·acquisition·announced
DAACI acquisition of MXX; financial terms were not disclosed.
Verified facts
| Official site | https://www.musicbusinessworldwide.com/uk-based-ai-music-firm-daaci-buys-two-music-tech-startups-to-develop-the-ultimate-creative-ai-ecosystem/ ↗ |
|---|---|
| Geography | United Kingdom |
| target | name: MXX · research key: org-mxx |
| acquirer | name: DAACI · research key: org-daaci |
| deal type | acquisition |
| closing date | unknown |
| source classes | specialist_trade_reporting |
| announcement date | 2023-05-24 |
| transaction state | announced |
| transaction value | qualifier: unknown · disclosure state: not_publicly_disclosed |
| strategic rationale | Combine complementary AI music editing, discovery and licensing capabilities into DAACI's creative-AI ecosystem. |
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1d ago · mediumhow verification works
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