Genius Group Acquires 51% Stake in Nuanu to Launch Genius School and Genius City in Bali

Reuters11-10
Genius Group Acquires 51% Stake in Nuanu to Launch Genius School and Genius City in Bali

Genius Group Limited has completed Share Purchase and Joint Venture Agreements with Nuanu Creative City to launch Genius School and Genius City in Bali. Through this partnership, Genius Group has acquired a 51% ownership stake in both projects, valued at a combined $14 million with a $7.1 million purchase price. The collaboration will see the development of a lifelong learning community and the first Bitcoin-based, tokenized community in Asia. Genius Group expects the projects to generate over $20 million in annual revenue and $6 million in annual profit within four years.

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