Arena Group Holdings IncArena Group (Paradium.AI) is the counterparty receiving an $89 million cash-and-stock minority investment from Roundtable for ~49% of PAAI.
Roundtable, trading as Nasdaq: RTB, announced a 10-year, $1 billion agreement with The Arena Group, now known as Paradium.AI (NYSE: PAAI), to migrate, operate and monetize Arena's premium media portfolio on Roundtable's AI/DeFi-powered MediaOS. Following deal closure, Roundtable forecasts a $100 million annualized revenue and an EBITDA-positive run rate on a stand-alone basis, with 100 million monthly consumers. Two dozen brands and nearly 100 million consumers will migrate to Roundtable's MediaOS, including TheStreet, Parade, Men's Journal, Athlon Sports, Autoblog and Powder, along with hundreds of professional journalists. The agreements are subject to Roundtable's minority investment in PAAI, $89 million in cash and stock for approximately 49% of PAAI, in a private transaction, and other conditions precedent, which include funding requirements to complete the transactions in Q4. The partnership reunites PAAI CEO Paul Edmondson with RTB founders James Heckman and Bill Sornsin, who were last teamed in 2020.
Arena Group Holdings IncArena Group (Paradium.AI) is the counterparty receiving an $89 million cash-and-stock minority investment from Roundtable for ~49% of PAAI.
Paradium AI, Inc.Paradium.AI (formerly Arena Group) receives an $89 million cash-and-stock investment from Roundtable for ~49% of the company.
RTB Digital, Inc.Roundtable signs a 10-year, $1 billion deal to migrate and monetize Arena's media portfolio on its MediaOS, forecasting $100M annualized revenue.
Parade Technologies Ltd
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