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Investing.com -- Datavault AI Inc. (NASDAQ:DVLT) stock fell 8.8% on Tuesday following the company’s announcement of a definitive agreement to acquire API Media, expected to close in December.
The data tokenization and monetization technology firm said the acquisition would enhance enterprise data activation, expand AI-powered capabilities, and create new monetization opportunities across global markets. According to the announcement, the API brand will continue to operate with added capabilities from Datavault AI’s patented technologies.
API Media, based in New Jersey, provides audio and visual technologies and IT services for sporting events and enterprise clients. The company serves prestigious sports venues through what Datavault described as a customer-first culture developed over decades.
Nathaniel Bradley, CEO of Datavault AI, called the acquisition "a decisive next step" in scaling the company’s data-monetization ecosystem, highlighting API Media’s expertise in multi-channel engagement and data overlay integration.
Frank Tomaino, President of API Media, stated that joining Datavault AI would bring advanced capabilities in AI, analytics, and secure data monetization to their clients. David Reese, CEO of API Media, added that the acquisition would accelerate Datavault’s growth trajectory and broaden its recurring revenue base.
Through this integration, Datavault AI aims to expand its expertise in digital media operations, audience intelligence, and revenue analytics, positioning itself to capture increased market share across enterprise data, advertising, and AI-as-a-Service segments.
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