Mergers & Acquisitions ·
Paranovus Entertainment Technology Ltd. closed its acquisition of substantially all assets related to the athletic…
PAVSParanovus Entertainment Technology Ltd.
Paranovus Entertainment Technology Ltd. closed its acquisition of substantially all assets related to the athletic wear brand Heyviva from Jabanero Inc. for $33,000,000 in cash on August 5, 2026. The purchase price was paid in installments: $16,500,000 at execution, with subsequent payments tied to the transfer of domain names, U.S. trademarks, and other assets within five business days of completion. Paranovus retains a seven-year right of first refusal on Jabanero's EU/UK trademark registrations. The company states the transaction creates synergies with its social commerce capabilities. Paranovus Entertainment Technology Ltd. operates in the technology and e-commerce industry, providing social commerce solutions.