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Nightfood Holdings (OTCQB: NGTF) Strengthens Balance Sheet and Expands Robotics Footprint with $52.8 Million Hilton Garden Inn Rancho Mirage Acquisition — Fifth in Less Than 24 Months
Globenewswire· 2025-10-07 13:00
Core Insights - Nightfood Holdings, Inc. has successfully closed its fifth acquisition, acquiring Treasure Mountain Holdings, LLC, which operates the Hilton Garden Inn Rancho Mirage for approximately $52.8 million [1][3] - The acquisition is a strategic move to evolve Nightfood into a technology and asset company, creating a network for testing and commercializing service robots [3][4] - This acquisition is part of a broader strategy to integrate real estate assets with robotics innovation, positioning the company for growth in the AI-automation sector [4][5] Company Strategy - The acquisition of the Hilton Garden Inn is a cornerstone in the company's transformation into a diversified, technology-driven enterprise with predictable revenue streams [5][6] - By combining cash-flowing real assets with automation technology, the company aims to accelerate growth and attract institutional investors [5][8] - The company’s model includes using hotel properties as live deployment sites for robotics testing, enhancing operational capabilities and market positioning [10] Market Positioning - Nightfood Holdings is focused on developing AI-powered automation solutions, starting with the hospitality sector, and plans to expand into other industries [7][8] - The global service robotics industry is projected to exceed $170 billion by 2030, indicating significant market opportunities for the company [8]
Criteo and Mirakl Ads Launch Global Integration to Accelerate Marketplace Revenue Growth
Prnewswire· 2025-07-17 10:00
Core Insights - The collaboration between Criteo and Mirakl Ads aims to tap into the mid-to-long-tail advertising segment within the retail media industry, which is projected to reach $204 billion by 2027 [1][5] - This strategic alliance focuses on third-party sellers and mid-to-long-tail advertisers who are currently underserved in retail media, providing them with tools for efficient campaign execution [2][3] Group 1: Collaboration Details - The integration combines Mirakl's ecosystem of brands and third-party sellers with Criteo's ad-serving technology, enabling retailers to create new revenue streams through automated campaign management [2][3] - The partnership is designed to help smaller brands and marketplace vendors, who collectively represent a significant portion of advertising investment, to scale their retail media efforts effectively [3] Group 2: Market Opportunity - Mid-to-long-tail advertisers spend 127% more than first-party brands on platforms like Amazon, indicating a substantial opportunity for retailers to engage this segment [3] - The collaboration is expected to enhance the shopping experience for consumers while allowing retailers to monetize their marketplaces more efficiently [4] Group 3: Company Background - Criteo is a global platform that connects the commerce ecosystem, leveraging AI to access over $1 trillion in annual commerce sales [5] - Mirakl is recognized as a leading provider of eCommerce software solutions, empowering enterprises to drive growth and efficiency in their online businesses [6][7]