Siyata Mobile Nears $160 Million Merger Completion with Core Gaming, Closing Expected in Q2 2025 Without Advance Notice

Reuters

02 Jun

Siyata Mobile Nears $160 Million Merger Completion with Core Gaming, Closing Expected in Q2 2025 Without Advance Notice

Siyata Mobile Inc. has announced a significant merger with Core Gaming, valued at $160 million, as the companies aim to enhance their presence in the mobile gaming market. The merger is expected to close in the second quarter of 2025, although the precise closing date remains undisclosed. Aitan Zacharin, CEO of Core Gaming, will lead the combined entity, which plans to leverage improved access to capital markets and pursue strategic acquisitions. The merger aligns with the goal to achieve $100 million in revenue and profitability in 2025. Additionally, Siyata's legacy Push-to-Talk business will operate under a new subsidiary managed by Marc Seelenfreund, ensuring continued operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Siyata Mobile Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 254155) on June 02, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The merger is expected to close in the second quarter of 2025, although the precise closing date remains undisclosed. Aitan Zacharin, CEO of Core Gaming, will lead the combined entity, which plans to leverage improved access to capital markets and pursue strategic acquisitions. The merger aligns with the goal to achieve $100 million in revenue and profitability in 2025. Additionally, Siyata's legacy Push-to-Talk business will operate under a new subsidiary managed by Marc Seelenfreund, ensuring continued operations.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Siya","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Siyata Mobile即将完成与Core Gaming价值1.6亿美元的合并，预计将于2025年第二季度完成，恕不另行通知","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SYTA":0.9},"content_text":"Siyata Mobile Nears $160 Million Merger Completion with Core Gaming, Closing Expected in Q2 2025 Without Advance Notice\n    \n\nSiyata Mobile Inc. has announced a significant merger with Core Gaming, valued at $160 million, as the companies aim to enhance their presence in the mobile gaming market. The merger is expected to close in the second quarter of 2025, although the precise closing date remains undisclosed. Aitan Zacharin, CEO of Core Gaming, will lead the combined entity, which plans to leverage improved access to capital markets and pursue strategic acquisitions. The merger aligns with the goal to achieve $100 million in revenue and profitability in 2025. 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