6 Acquisitions of Companies in the Social Network Industry

January 15, 2023
Acquisitions Hub

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.

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:

San Francisco, California, United States

Where to find them:

Industry:

Casual Games, Gaming, Internet, iOS, Mobile, Social Network

Details about the buyer:

An multinational entertainment company is called Modern Times Group.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

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:

Wilmington, Delaware, United States

Where to find them:

Industry:

Advertising Platforms, Social Network

Details about the buyer:

Using its unique inventions in Ai/ML, object detection, streaming, AR, MR, VR, and crypto, dropp group wins Web3.

Headquarter:

New York, New York, United States

Where to find them:

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:

Palo Alto, California, United States

Where to find them:

Industry:

Apps, Gaming, Messaging, Mobile Apps, Social Network

Details about the buyer:

DeNA is a platform that offers social gaming, online shopping, and other web services for desktop computers and mobile phones.

Headquarter:

Tokyo, Tokyo, Japan

Where to find them:

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:

San Francisco, California, United States

Where to find them:

Industry:

Internet, Social Network

Details about the buyer:

Gamers may broadcast, watch, and discuss video games on Twitch, a social video network.

Headquarter:

San Francisco, California, United States

Where to find them:

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:

Oklahoma City, Oklahoma, United States

Where to find them:

Industry:

Advertising Platforms, Analytics, Audio, Big Data, Data Visualization, Database, Internet Radio, Podcast, Search Engine, Social Network

Details about the buyer:

Acast is a podcasting and audio-on-demand platform that hosts, finances, and disseminates audio content internationally.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

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:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Computer, Information Technology, Infrastructure, Internet, Private Social Networking

Details about the buyer:

The second-largest media and entertainment firm in India is situated in Mumbai, and its name is Zee Entertainment Enterprises Ltd.

Headquarter:

Mumbai, Maharashtra, India

Where to find them: