Beeline to Acquire Remaining 52.4% of MagicBlocks in $1M Stock Deal
BLNE•Beeline Holdings signed a non-binding LOI to acquire the remaining 52.4% of AI-driven real estate tech firm MagicBlocks, which currently delivers an 8% conversion boost for its chatbot. The all-stock, $1 million valuation deal is expected to close in June, bolstering Beeline’s blockchain and AI mortgage platform.
1. Letter of Intent to Acquire MagicBlocks
Beeline Holdings has entered into a non-binding letter of intent to purchase the remaining 52.4% interest in MagicBlocks, an AI-driven real estate technology firm. The acquisition follows Beeline’s existing 47.6% stake and aims to fold MagicBlocks wholly into its fintech ecosystem.
2. AI and Blockchain Platform Enhancement
MagicBlocks’ AI-powered workflow and lead-generation tools have driven an 8% lift in lead-to-lock conversions on Beeline’s platform at no extra cost. Beeline plans to integrate these systems into its blockchain settlement, tokenized home equity product, and broader mortgage origination and title services.
3. Deal Structure, Valuation, and Timeline
The all-stock transaction values MagicBlocks at approximately $1 million and remains subject to definitive agreement, board approvals, SAFE noteholder consent, and founder employment contracts. The acquisition is slated to close in June, pending final approvals from Beeline’s special committee.
