Thursday, February 22, 2024

NTWRK Acquires Complex

Financial terms of the acquisition were not announced. NTWRK said that the venture is being backed by Main Street Advisors, Jimmy Iovine, Universal Music Group, and Goldman Sachs, with a strategic partnership with Universal Music Group. The company said the deal would be "marrying an e-commerce platform anchored in sneakers, streetwear, and collectibles with content and music" and create a "digital hub at the forefront of convergence culture."