Infinite Reality To Acquire Agentic AI Company Touchcast For $500M In A Deal That Values Infinite Reality At $15.5B [Yahoo! Finance]
Liberty Media Corporation - Series A Liberty Braves (BATRA)
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Source: Yahoo! Finance
Infinite Reality To Acquire Agentic AI Company Touchcast BOCA RATON, Fla., April 16, 2025 (GLOBE NEWSWIRE) -- Infinite Reality™ (iR), an innovation company powering the next generation of digital media and ecommerce through extended reality (XR), artificial intelligence (AI), and other immersive technologies, announced today the company has entered into a definitive agreement to acquire Touchcast , a pioneering agentic AI company for $500 million in a combination of cash and stock. The acquisition is Infinite Reality's largest yet, and the transaction agreement values the company at $15.5 billion. Touchcast's powerful agentic AI platform, known as Mentorverse , generates an infinite universe of specialized AI mentors who engage in natural, face-to-face video conversations and, unlike traditional chatbots or static web experiences, combine consistent personalities with deep domain expertise to deliver genuinely helpful guidance through natural, multimodal interactions. The integra
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