Animoca Brands has acquired SOMO, an organization dedicated to investigating multinationals, for an undisclosed amount. This corporate acquisition marks a significant development, bringing SOMO's independent, factual, and critical approach under the umbrella of Animoca Brands.
SOMO operates with a clear goal: to foster a fair and sustainable world where public interests consistently outweigh corporate interests. The organization identifies the outsized and harmful power of multinational companies and the structures enabling them as key obstacles to this vision. To address this, SOMO conducts in-depth investigations into multinationals, exposing their impact, their intricate structures, and the broader systems they operate within. Beyond exposure, SOMO actively develops alternatives and carries out advocacy work, delivering crucial knowledge that fuels far-reaching change. It functions as an integral part of a civil society movement, engaging in deep collaborations and alliances with partners globally, always viewing its role within a wider ecosystem of stakeholders.
This acquisition represents a strategic expansion for Animoca Brands, integrating SOMO's specialized capabilities in corporate investigation and advocacy. The move suggests a commitment to enhancing transparency and promoting responsible corporate practices, aligning with the broader societal need for greater accountability from multinational entities. By acquiring SOMO, Animoca Brands gains access to a unique expertise in critical analysis and a proven track record in driving systemic change through research and advocacy.
The combined entity is expected to leverage SOMO's investigative prowess to further its mission of fostering a more equitable and sustainable global landscape. This integration aims to amplify the impact of SOMO's work, potentially expanding its reach and resources to continue challenging corporate power and advocating for public interests on a larger scale. The acquisition underscores a strategic focus on contributing to a more balanced and ethical corporate environment.