Newbury Street Acquisition Corp (NBST)

[barnyarddog]

Infinite Reality

23,759 followers
2mo Edited

We are thrilled to announce that today we entered an agreement to acquire The Drone Racing League, the most futuristic sport in the world, for $250 million, solidifying our position as a global leader in immersive technology and experiences. Recognized for accelerating professional drone racing into the mainstream through high tech robotics, AI, visually spectacular content and hybrid competition, the DRL acquisition bolsters our capabilities and IP, boosting our valuation to $3.5 billion.

Ownership of DRL’s transformative technology, media and sports ecosystem will enable us to elevate how consumers engage and transact with brands and content, making the experience more immersive, and in the case of sports and entertainment, just as exciting as attending a live event. Please join us in welcoming their visionary founder and CEO, Nicholas Horbaczewski, President Rachel Jacobson (Rosen) and entire DRL team to iR family.

https://www.linkedin.com/posts/newbury-street-acquisition-corporation_activity-7188532054819569665-xWcj