According to Odaily, Himalaya Technologies, a publicly traded company in the United States, has announced its intention to acquire 100% of the shares of the Web3 development company, Mad Hatter Society, Inc. The specific amount of the deal has not been disclosed. Mad Hatter Society has agreed to a 90-day exclusivity period during which Himalaya will conduct a comprehensive due diligence investigation. The goal is to complete the acquisition within 30 days after the signing of the letter of intent.
This strategic acquisition will broaden Himalaya's digital financial capabilities and enhance its Web3 product portfolio. The acquisition is part of Himalaya's strategy to expand its digital financial capabilities and strengthen its Web3 product offerings. The details of the acquisition, including the financial terms, are yet to be disclosed. The acquisition is expected to be completed within a month of the signing of the letter of intent, following a 90-day exclusivity period for due diligence.