Bilt acquires Lava sports loyalty platform for $300 million

Neighborhood commerce and rewards company Bilt is acquiring sports and entertainment loyalty platform Lava for $300 million. The deal brings Lava's technology and partnerships with 56 professional sports franchises across major leagues into Bilt's ecosystem. Bilt plans to combine its AI agents with Lava's real-time engagement technology to offer personalized benefits across businesses and connect residential communities with sports experiences. Open article →