Roundtable's Merger with RYVYL: A New Era for Digital Media

Roundtable Merges with RYVYL to Transform Digital Media
In a groundbreaking move, RYVYL Inc. (NASDAQ: RVYL) has officially entered into a merger agreement with RTB Digital, Inc., known as Roundtable. This partnership aims to create a dynamic Web3 digital media platform powered by a unique Bitcoin treasury ecosystem, set to revolutionize how media brands operate.
Strategic Integration of Technologies
The integration of Roundtable's cutting-edge technology with RYVYL's robust digital payment infrastructure marks a significant milestone. This strategic collaboration will facilitate the growth of established media brands and journalists who rely on digital platforms for distribution and monetization. Major partners including Yahoo and PSG will benefit from this innovative approach, as it enables new revenue streams and broader distribution channels.
Leadership Transition and Future Vision
Upon closing the transaction, James Heckman, the founder of Roundtable, will take on the role of CEO for the newly formed entity. He brings a wealth of experience and a visionary perspective, having previously led multiple successful ventures in the media landscape. RYVYL’s current CFO, George Oliva, has been appointed as interim CEO during this transitional phase, ensuring a smooth handover of leadership and continuity in operations.
Innovative Technology and Empowerment
Roundtable has assembled a team of technology innovators, including notable figures from the blockchain and media industries. This team is dedicated to harnessing decentralized finance (DeFi) principles to empower content creators and media institutions, allowing them to maintain control over their data and financial operations.
Global Reach and Commercial Partnerships
With a rapidly expanding ecosystem already in place, Roundtable boasts a diverse portfolio of media partners and clients that generate substantial viewer engagement and revenue. Their experience spans over thirty years in the media and technology sectors, having previously worked with industry giants like AOL, News Corp, and Sports Illustrated. This partnership positions Roundtable uniquely in the media marketplace, where a blockchain-driven approach is becoming essential.
Funding and Capital Strategy
To bolster their platform's capabilities, Roundtable successfully raised $33 million in new capital prior to this merger, further expanding its operational capacity. This influx of funds will be pivotal in integrating millions of users into a decentralized media liquidity pool, fostering a seamless payment system for publishers and media brands.
Shifting Focus Towards Digital Assets
RYVYL's approach in this merger reflects a long-term strategy to embrace digital assets. With a commitment to infuse over $30 million in Bitcoin into its treasury, RYVYL aims to strengthen its financial foundation while transitioning its operations towards digital media and related technologies.
Looking Ahead: The New Combined Company
Upon completion of the merger, the combined company will see a structural transformation, including new leadership appointments and a refreshed strategic outlook. RYVYL stockholders will hold approximately 15.15% ownership, while Roundtable investors will own the remaining 84.85%. This ownership structure is poised to drive collaboration and innovation across the spectrum of media and technology.
Exploring the Future Landscape
As part of its post-merger transformation, the newly formed company will be renamed RTB Digital, Inc., advancing under the Roundtable brand. This rebranding signifies a commitment to not only adapt to but also shape the future of digital media landscapes. The appointed board members will reflect a blend of experience and innovation, positioning Roundtable as a forward-thinking leader in media technology.
Frequently Asked Questions
What is the significance of the merger between RYVYL and Roundtable?
This merger aims to create a powerful digital media platform by integrating RYVYL's payment systems with Roundtable's SaaS technology, fostering innovation and efficiency in content distribution and monetization.
Who will lead the new combined company?
James Heckman will take on the role of CEO, leveraging his extensive experience in the media and technology sectors to guide the new entity.
What is the expected impact on existing media partnerships?
The merger is expected to enhance existing partnerships, providing more innovative solutions for media brands and opening new revenue opportunities.
How will the merger affect stockholders?
Post-merger, RYVYL stockholders will hold 15.15% of the company, while Roundtable stockholders will maintain 84.85% ownership, reflecting a significant shift in equity and influence.
What does the merger imply for future media innovations?
The merger signifies a commitment to advancing digital media technologies, including decentralized payment systems and blockchain applications, informing a new era of media engagement and content management.
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