AINewsBreaks – Beeline Holdings, Inc. (NASDAQ: BLNE) Signs LOI to Acquire AI Real Estate Technology Company MagicBlocks
Beeline Holdings (NASDAQ: BLNE) entered into a non-binding letter of intent to acquire the remaining interest in MagicBlocks, an AI-driven real estate technology company focused on transaction lead generation, production automation and workflow systems for financial services and real estate applications. Beeline currently owns approximately 47.6% of MagicBlocks, whose technology powers Beeline’s chatbot, Bob, which the company said has contributed to an 8% increase in lead-to-lock conversions at no incremental cost. Beeline said the proposed acquisition is expected to expand its artificial intelligence capabilities and support its blockchain and digital asset initiatives, including BeelineEquity, its tokenized home equity product developed…