Oh, one more thing: they didn't actually acquire the Arena, they just paid to have the right to name it. The price they actually pay for that right is not public but an older similar deal is known and if that is any indication, they might pay a sizeable sum of money to keep it branded like that. Apparently their Superbowl ads weren't worth their cost so this branding deal might turn out underwhelming as well, for the company itself (although it's good for the cryptoverse overall)
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Oh, I just learnt something new. They actually acquired the naming right for $700 million.
Yep, that would be 35 million per year for 20 years ... quite a bunch of money to splash out during a crypto winter !