Myseum Completes Sale of Minority Stake in RPM Interactive for Approximately $6.5 Million in Avalon GloboCare Acquisition
Summary
Myseum completed the sale of its roughly 34% stake in RPM Interactive as part of Avalon GloboCare’s full acquisition of RPM. Avalon is paying RPM shareholders with Series E preferred stock valued at $19.5 million in total. RPM’s software platform, Catch-Up, uses SaaS and AI to source clips, generate commentary, create avatars, and publish content automatically. Myseum said the divestiture lets it focus resources on its core Picture Party business and broader interactive media strategy.
Classifications
industries
No industries detected
applications
Data Management
AskAI Classifications
Labels
Messaging Software
Privacy Software
Social Network Software
Linked Companies
DatChat
up to $1M