Abstract
- Beowolff Capital is buying Artnet for $65 million USD, providing €11.25 EUR per share—a 97% premium
- The deal features a 29.99% stake from Weng Positive Artwork AG, ending a years-long management battle
Beowolff Capital has introduced a $65 million USD deal to accumulate Artnet, with plans to take the corporate personal. The funding agency has already secured 65% of Artnet’s share capital and is providing €11.25 EUR per share to the remaining shareholders, representing a 97% premium over the corporate’s closing worth on March 3, the final buying and selling day earlier than rumors of the takeover surfaced.
As a part of the deal, Beowolff will buy a 29.99% stake from Weng Positive Artwork AG for almost €20 million, successfully ending a years-long energy wrestle between Artnet and the German artwork funding agency. The transaction is scheduled to shut on Might 30, 2025.
Beowolff’s acquisition of Artnet follows its latest buy of Artsy, signaling a broader technique to dominate the digital artwork panorama. The agency intends to create a linked ecosystem of artwork platforms powered by shared AI instruments, designed to streamline transactions, enhance information entry and increase market transparency.
Regardless of the possession change, Artnet will proceed to function as traditional, retaining its management group, product choices and editorial arm, Artnet Information. Beowolff says it sees long-term worth in Artnet’s international attain and credibility as a market and knowledge hub for the artwork world
