Brand Engagement Network (BNAI) Announces Definitive Agreement for Acquisition of Cataneo GmbH

Brand Engagement Network, Inc. (NASDAQ:BNAI) is one of the Most Promising AI Stocks to Invest In. On April 30, the company announced a definitive agreement for the acquisition of Cataneo GmbH. The transaction was valued at ~$19.5 million, and the payment involves a mix of cash and equity. Cataneo’s MYDAS platform fuels advertising sales, scheduling, traffic, and monetization for the major global media organizations, which include leading US film studios.

MYDAS has been managing more than €6 billion in annual advertising inventory across over 1,000 media brands and more than 200 channels. Talking about the operational efficiency, Cataneo delivers more than 35% in workflow efficiency via AI. This improves headcount productivity and allows automated anomaly detection.

Through incorporating Brand Engagement Network, Inc. (NASDAQ:BNAI)’s proprietary AI, the combined technology and expertise of both companies are projected to bring conversational AI directly into the live media systems.

Brand Engagement Network, Inc. (NASDAQ:BNAI) offers conversational AI assistants.

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