6 Acquisitions in the Social Network industry - Flippa
Company acquisitions in the Social Network industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.
In this blog post, we are taking a closer look at 6 acquisitions that took place in the Social Network industry.
Bebo acquired by Twitch
Details about the transaction:
Acquisition amount: $25,000,000
Announcement: 18 June 2019
Details about the company:
A social networking site is called Bebo. Members may connect with pals through the company, share images, and find new hobbies.
Headquarter:
Where to find them: Website
Industry: Internet, Social Network
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Kongregate acquired by Modern Times Group
Details about the transaction:
Acquisition amount: $55,000,000
Announcement: 20 June 2017
Details about the company:
Kongregate is a digital gaming platform and producer of mobile games.
Headquarter:
Where to find them: Website
Industry: Casual Games, Gaming, Internet, iOS, Mobile, Social Network
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Phly acquired by dropp group | droppLabs
Details about the transaction:
Acquisition amount: $25,000,000
Announcement: 8 September 2022
Details about the company:
Flyy was developed by the Real-World Social Metaverse.
Headquarter:
Where to find them: Website
Industry: Advertising Platforms, Social Network
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Podchaser acquired by Acast
Details about the transaction:
Acquisition amount: $34,000,000
Announcement: 17 July 2022
Details about the company:
The largest podcast database in the world, Podchaser powers podcaster, brand, and listener discovery.
Headquarter:
Where to find them: Website
Industry: Advertising Platforms, Analytics, Audio, Big Data, Data Visualization, Database, Internet Radio, Podcast, Search Engine, Social Network
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Punch Entertainment acquired by DeNA
Details about the transaction:
Acquisition amount: $37,000,000
Announcement: 15 September 2011
Details about the company:
Punch is a cross-platform company that creates social games for smartphones, the web, and social networking platforms.
Headquarter:
Where to find them: Website
Industry: Apps, Gaming, Messaging, Mobile Apps, Social Network
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
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SugarBox acquired by Zee Entertainment Enterprises
Details about the transaction:
Acquisition amount: $11,500,000
Announcement: 15 March 2017
Details about the company:
The SugarBox local Wi-Fi network breaks customers' reliance on mobile data.
Headquarter:
Where to find them: Website
Industry: Computer, Information Technology, Infrastructure, Internet, Private Social Networking
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Ray is the VP of Sales at Flippa and has a passion for helping buyers find their dream digital asset, and helping sellers find a successful pathway to exit. Ray is motivated to create a more intuitive way to buy and sell online businesses, with success in managing multi-million dollar deals.
