By Vivendi SA

closed 11/13/2019 via BNC Analysis

myCANAL, acquired Kino Swiat

synopsis: myCANAL, the leading provider of premium channels and thematic in France, acquired Kino Świat, a Polish independent film distributor in Poland, active in the most important distribution fields, such as cinema, video, video on demand and television.
buyer parent: Vivendi SA
buyer: myCANAL
myCANAL (Canal+) is the leading provider of premium channels and thematic in France. They are the leader in premium-content and themed networks. They are also the leading pay-TV company, and platform in multi-channel bundling and distribution of pay-TV offerings in France. "
target: Kino Swiat
Kino Świat is a Polish independent film distributor in Poland, active in the most important distribution fields, such as cinema, video, video on demand and television. In addition to distribution, Kino Świat is also involved in the production and co-production of Polish and foreign films.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/16/2019 via Company Press Release

Broadridge Financial Solutions, Inc., acquired Appatura

synopsis: Broadridge Financial Solutions, Inc., leading provider of investor communications and technology-driven solutions, has acquired Appatura Inc., an innovator in regulatory and marketing content management and automation.
buyer: Broadridge Financial Solutions, Inc. (BR:$4,362.20)
Broadridge Financial Solutions is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge provides an important infrastructure that powers the financial services industry. "
target parent: Vivendi SA
target: Appatura
With its leading-edge, proprietary database and headless CM named Syntext, Appatura’s mutual fund focused workflow and publishing engine: Docubuilder, and its innovative AI and Machine Learning Appasense tools, Appatura has been helping transform the industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/18/2019 via BNC Analysis

Havas, will acquire Langoor Pty Ltd

synopsis: Havas Group announced the acquisition of independent digital agency Langoor. Founded in 2010, full-service digital agency Langoor is present across India, the Middle East and Australia. As part of the agreement, Langoor will be rebranded as Langoor Havas and will be led by its co-founder Venugopal Ganganna.
buyer parent: Vivendi SA
buyer: Havas (ENXTPA:HAV:$2,703.63)
Based in France, Havas is one of the world’s largest global communications groups. Havas has a fully integrated model through its Havas Villages around the world. In these Villages, creative, media and healthcare & wellness teams work together, ensuring agility and seamless experiences for clients. "
target: Langoor Pty Ltd
Langoor is a web products and services company with offices in Sydney, Australia and Bangalore, India. Langoor offers web services ranging from branding, web development and design as well as online marketing and custom systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/4/2019 via Company Press Release

Havas, acquired Buzzman

synopsis: Havas Group, one of the world’s largest global communications groups, has announced the acquisition of a 51% stake in Buzzman, the most awarded French independent advertising agency. They offer a new model of a 100% independent advertising agency combining supreme creativity with an advanced understanding of consumer engagement.
buyer parent: Vivendi SA
buyer: Havas (ENXTPA:HAV:$2,703.63)
Based in France, Havas is one of the world’s largest global communications groups. Havas has a fully integrated model through its Havas Villages around the world. In these Villages, creative, media and healthcare & wellness teams work together, ensuring agility and seamless experiences for clients. "
target: Buzzman
Founded in 2006, Buzzman is the most awarded French independent advertising agency. They offer a new model of a 100% independent advertising agency combining supreme creativity with an advanced understanding of consumer engagement.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/18/2019 via BNC Analysis

Les Echos SA, myCANAL, acquired Mezzo SA

synopsis: Les Echos and myCANAL (Canal+) have announced the joint acquisition of Mezzo from Lagardère Group and France Télévisions. Paris-based Mezzo is a 21-year old broadcaster that runs two pay-TV channels, Mezzo and Mezzo Live HD, centred around classical music, jazz and dance.
buyer: Les Echos SA
buyer: myCANAL
Les Echos is the leading source of French economic and financial information. myCANAL (Canal+) is the leading provider of premium channels and thematic in France. "
target parent: Lagardère SCA
target: Mezzo SA
Paris-based Mezzo is a 21-year old broadcaster that runs two pay-TV channels, Mezzo and Mezzo Live HD, centred around classical music, jazz and dance.
price ($mm)
rev ($mm)
$11
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 7/17/2019 via BNC Analysis

myCANAL, acquired ROK Advertising

synopsis: French television company myCANAL (Canal+) has acquired the ROK film studio from IROKO. ROK Studios is a leading African film and television studio and production house, based in Lagos, Nigeria. Actress and producer Mary Njoku — IROKOtv CEO Jason Njoku’s wife — founded ROK studios and will stay on as director general under the Canal+ acquisition.
buyer parent: Vivendi SA
buyer: myCANAL
myCANAL (Canal+) is the leading provider of premium channels and thematic in France. They are the leader in premium-content and themed networks. They are also the leading pay-TV company, and platform in multi-channel bundling and distribution of pay-TV offerings in France. "
target parent: IROKO
target: ROK Advertising
ROK Studios is a leading African film and television studio and production house, based in Lagos, Nigeria. ROK Studios is an awesome and dynamic African production studio focused on creating and producing original high quality African Film and TV series.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/20/2019 via BusinessWire

Havas, acquired Battery

synopsis: France-based Havas Group has acquired Battery, a culture-driven creative agency. Battery specializes in gaming and streaming entertainment and has created advertising campaigns for Netflix and Activision Blizzard. Battery will become part of the Annex, Havas’ global network designed to help brands tap into the business of culture.
buyer parent: Vivendi SA
buyer: Havas (ENXTPA:HAV:$2,703.63)
Based in France, Havas is one of the world’s largest global communications groups. The Annex is Havas’ fast-growing global network designed to help brands tap into the business of culture, and be renamed Battery Annex. "
target: Battery
Battery is a highly acclaimed, culture-driven creative agency with a specialized focus on gaming and streaming entertainment to bring storytelling to other industries. They create global advertising campaigns for brands like Netflix, Royal Bank of Canada, and Activision Blizzard.
price ($mm)
rev ($mm)
$10
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 2/27/2019 via BNC Analysis

Docavenue, acquired RDV Médicaux

synopsis: Docavenue, a subsidiary of the Cegedim group specializing in the teleconsultation of doctors, announced the acquisition of the online appointments site RDVMédicaux, which belonged to Vivendi. 
buyer parent: Cegedim
buyer: Docavenue
Docavenue, a subsidiary of the Cegedim group, is specialized in the teleconsultation of doctors. Some 500 doctors are currently using Docavenue's teleconsultation tool. Docavenue is based in Boulogne-Billancourt, France. "
target parent: Vivendi SA
target: RDV Médicaux
RDV Médicaux, based in Paris, is an online platform lets users make an appointment with a doctor anywhere in France.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/13/2019 via BNC Analysis

Universal Music Group, Inc., will acquire Ingrooves Music Group

synopsis: Universal Music Group, a world leader in music-based entertainment has agreed to acquire Ingrooves. Ingrooves is a leader in the independent music distribution and marketing industry. They provide independent labels, established artists and other content owners with analytics, management services and marketing solutions.
buyer parent: Vivendi SA
buyer: Universal Music Group, Inc.
Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries. "
target: Ingrooves Music Group
​Ingrooves, a leader in the independent music distribution and marketing industry, provides independent labels, established artists and other content owners with the most transparent and scalable distribution tools including analytics, rights management services, and thoughtful marketing solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/19/2018 via Company Press Release

Gameloft, will acquire FreshPlanet

synopsis: Gameloft, leader in the development and publishing of mobile games, announced an agreement to acquire FreshPlanet, makers of the multi-awarded SongPop games on mobile. In line with Gameloft’s philosophy to provide the best gaming experiences to players of all ages & countries, this acquisition is a new milestone in the company’s expansion strategy.
buyer parent: Vivendi SA
buyer: Gameloft (ENXTPA:GFT:$268.27)
Leader in the development and publishing of mobile games, Gameloft® has established itself as one of the top innovators in its field since 2000. Gameloft creates games for all digital platforms. Gameloft distributes its games in over 100 countries and employs 4,600 people worldwide. "
target: FreshPlanet
FreshPlanet is the maker of the multi-awarded SongPop games on mobile. SongPop and SongPop 2 are the world’s biggest music trivia games which received several awards. These highly social games feature clips from the most popular songs to guess and are extremely fun to play with.
price ($mm)
rev ($mm)
$342
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 1/31/2019 via BusinessWire

Vivendi SA, acquired Editis

synopsis: Vivendi, a French integrated content, media and communications group, has completed the acquisition of Editis, a French group of publishing companies, from Grupo Planeta, a Spanish media group based in Madrid.
buyer: Vivendi SA (ENXTPA:VIV:$16,383.45)
Vivendi is an integrated content, media and communications group. The company operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content. "
target parent: Grupo Planeta
target: Editis
Editis holds leading positions in three segments of the French publishing business, in particular Literature (trade and mass market formats), Education (scholarly, scholastic aids, middle school, high school, university, legal and medical), and Reference (dictionaries and encyclopedias).
price ($mm)
$1,026
rev ($mm)
$855
EBITDA ($mm)
EV / rev
1.2x
EV / EBITDA
announced 10/24/2018 via BNC Analysis

Olympia Production SAS, will acquire Garorock Festival

synopsis: French promoter and festival producer Olympia Production, a subsidiary of Vivendi, announced that it had signed an agreement to acquire Garorock, one of the country's largest music festivals. Garorock takes place at the end of June in Marmande, South-West France.
buyer parent: Vivendi SA
buyer: Olympia Production SAS
Created in 2016, Olympia Production is a production house for shows and concerts. Since its creation, Olympia Production produced or coproduced in France more than 600 shows by a dozen artists. "
target: Garorock Festival
Garorock is one of the France's largest music festivals. The festival was launched in 1997 and grew into a four-day event that counted 145,000 people in total in 2018, with a lineup that included Macklemore, Marilyn Manson, Indochine, Charlotte Gainsbourg, DJ Snake and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/13/2018 via Company Press Release

Havas, acquired Republica Havas

synopsis: Havas Group, one of the world's largest global communications group, has acquired Republica , one of America's leading and fastest-growing multicultural advertising and communications agencies. Republica builds enduring relationships between brands and people across a spectrum of cultures, traditions, and languages.
buyer parent: Vivendi SA
buyer: Havas (ENXTPA:HAV:$2,703.63)
Based in France, Havas Group is one of the world’s largest global communications groups. Havas is committed to be the best company at creating meaningful connections between people and brands through creativity, media and innovation. "
target: Republica Havas
Republica is one of America’s leading and fastest-growing multicultural advertising and communications agencies. Through their “Rethink Relevant” strategic mantra, Republica builds enduring relationships between brands and people across a spectrum of cultures, traditions, and languages.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/11/2018 via Company Press Release

Havas, acquired Catchi

synopsis: Havas Group has announced the acquisition of Catchi, the leading digital conversion rate optimisation (CRO) specialist across Australia and New Zealand (ANZ). The company helps businesses to optimise their digital channels and convert significantly more of their hard-earned website visitors into leads and sales.
buyer parent: Vivendi SA
buyer: Havas (ENXTPA:HAV:$2,703.63)
Havas is one of the world’s largest global communications groups. They are committed to being the best company at creating meaningful connections between people and brands through creativity, media and innovation. They operate with three business units: creative, media, and healthcare & wellness. "
target: Catchi
Catchi is the leading digital conversion rate optimisation (CRO) specialist across Australia and New Zealand (ANZ). The company helps businesses to optimise their digital channels and convert significantly more of their hard-earned website visitors into leads and sales.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/29/2018 via Company Press Release

TRACE Company, will purchase Gospel Music Tv from THEMA SAS

synopsis: TRACE, a global multi-platform media and entertainment company, will acquire Gospel Music Tv from THEMA, a distributor of pay TV channels. Gospel Music Tv is a gospel music TV channel designed for the Sub-Saharan African audience. The channel offers African, American, contemporary, urban, and traditional gospel music.
buyer: TRACE Company
TRACE is a global multi-platform media and entertainment company that connects with multicultural audiences through premium afro urban music and content across 21 pay TV channels, radios, motion picture, online and mobile services in over 160 countries to 200M viewers and listeners. "
seller parent: Vivendi SA
seller: THEMA SAS
Gospel Music Tv is a gospel music TV channel designed for the Sub-Saharan African audience. The channel offers African, American, contemporary, urban, and traditional gospel music. Gospel Music Tv belongs to THEMA, a distributor of pay TV channels to cable, IPTV, and DTH operators.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/16/2018 via BusinessWire

See Tickets International, acquired Paylogic

synopsis: Vivendi has announced that See Tickets, its international ticketing services company, acquired Paylogic, a ticketing and technology company headquartered in Amsterdam, from LiveStyle. Founded in 2005, Paylogic is the fastest growing ticketing company in Europe, with offices in the Netherlands, Belgium, and Germany.
buyer parent: Vivendi SA
buyer: See Tickets International
See Tickets is one of the largest primary ticket companies in Europe - they have the muscle of a big organization, but hold the values of a small one. Their focus is getting their customers to live events. "
target parent: LiveStyle, Inc.
target: Paylogic
Founded in 2005 in the Netherlands, Paylogic is the fastest growing ticketing company in Europe, with offices in the Netherlands, Belgium, and Germany. Paylogic has developed revolutionary digital ticketing environments for 1000’s of clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/31/2017 via BusinessWire

Olympia Production SAS, acquired Les Déferlantes

synopsis: Olympia Production, Vivendi's production house for shows and concerts in France, has acquired the Les Déferlantes festival located in the South of France. Les Déferlantes is a summer music festival in Argelès-sur-Mer, featuring some of the biggest international names as well as new artists.
buyer parent: Vivendi SA
buyer: Olympia Production SAS
Created in 2016, Olympia Production is a production house for shows and concerts. Since its creation, Olympia Production produced or coproduced in France more than 600 shows by a dozen artists. "
target: Les Déferlantes
Les Déferlantes is a summer music festival in Argelès-sur-Mer, France. Featuring some of the biggest international names as well as new artists, Les Déferlantes is a four day event with more than 60 concerts.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/31/2017 via BusinessWire

Olympia Production SAS, acquired Live au Campo

synopsis: Olympia Production, Vivendi's production house for shows and concerts in France, has acquired the Live au Campo festival located in the South of France. Located in the heart of downtown Perpignan, Live au Campo is a five day music festival filled with ambitious and unique programming.
buyer parent: Vivendi SA
buyer: Olympia Production SAS
Created in 2016, Olympia Production is a production house for shows and concerts. Since its creation, Olympia Production produced or coproduced in France more than 600 shows by a dozen artists. "
target: Live au Campo
Located in the heart of downtown Perpignan, France, Live au Campo is a five day music festival filled with ambitious and unique programming.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/20/2017 via Company Press Release

Universal Music Group, Inc., purchased Stiff Records, ZTT and Perfect Songs from SPZ Group

synopsis: Universal Music Group (UMG), the world leader in music-based entertainment, announced the acquisition of Stiff Records, ZTT and Perfect Songs music publishing from SPZ Group. Stiff and ZTT are two of the most influential and iconic British record labels of the last forty years. Perfect Songs is home to a varied catalog of songs including Seal.
buyer parent: Vivendi SA
buyer: Universal Music Group, Inc.
Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries. "
seller: SPZ Group
Stiff and ZTT are two of the most influential and iconic British record labels of the last forty years. Perfect Songs is home to a varied catalog of songs including Seal, Frankie Goes To Hollywood, Art Of Noise, Olly Murs, Little Mix, Rudimental and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/8/2017 via Company Press Release

Havas, acquired Immerse Group Sdn. Bhd.

synopsis: Havas Group, one of the world's largest global communications groups, has acquired Immerse, an award-winning digital agency in Malaysia that specializes in providing strategic creative consultancy and digital marketing solutions. Immerse has worked with a diverse portfolio of client brands in Malaysia including Volvo, F&N, Wrigley and more.
buyer parent: Vivendi SA
buyer: Havas (ENXTPA:HAV:$2,703.63)
Havas is one of the world's largest global communications groups. Founded in 1835, the Group employs 20,000 people in over 100 countries. Havas Group is committed to being the world's best company at creating meaningful connections between people and brands through creativity, media and innovation. "
target: Immerse Group Sdn. Bhd.
Immerse is an award-winning digital agency in Malaysia that specializes in providing strategic creative consultancy and digital marketing solutions. The 50-people agency services a diverse portfolio of client brands in Malaysia and Singapore including Volvo, Mitsubishi Motors, F&N, Wrigley and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/13/2019 via Company Press Release

Zordix AB, acquired Dimfrost Studio AB

synopsis: Zordix, a Swedish game developer & publisher whose core development team develops high-end racing games for PC and consoles, acquired Dimfrost Studio, a Swedish gaming studio focused on storytelling and atmospheric environments.
buyer: Zordix AB
Zordix is a Swedish game developer & publisher. Its core development team develops high-end racing games for PC and consoles. Zordix recently started Zordix Publishing, a new branch which focuses on working together with indie-studios, helping them bring their games to the global gaming market. "
target: Dimfrost Studio AB
Headquartered in Sweden, Dimfrost Studio is a gaming studio focused on storytelling and atmospheric environments. They develop adventure games about Nordic folklore. They also use their knowledge and experience from game development to take on other projects as subcontractors and consultants.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/30/2019 via PR Newswire

Wizards of the Coast, Inc., acquired Tuque Games Inc.

synopsis: Wizards of the Coast, a subsidiary of Hasbro, Inc., announced that it has acquired Tuque Games, a digital game development studio based in Montreal. Tuque is led by veterans of the game industry with experience working for leading publishers. Tuque is developing a game based on the massively popular Dungeons & Dragons franchise.
buyer parent: Hasbro, Inc.
buyer: Wizards of the Coast, Inc.
Wizards of the Coast brings people together through their shared love of games. Magic: The Gathering, Dungeons & Dragons, and other Wizards games are enjoyed by friends around the world, both at gaming tables and on digital platforms "
target: Tuque Games Inc.
Tuque Games is a video game developer based in Montreal, Canada. One of Montreal's growing list of independent development studios, it released its first title, Livelock, a co-operative top-down shooter, in 2016 and is developing a game based on the massively popular Dungeons & Dragons franchise.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/30/2019 via gamesindustry.biz

Bethesda Softworks, acquired Alpha Dog Games Inc.

synopsis: Bethesda Softworks, a leading video game publisher, has acquired Alpha Dog Games, a Canadian mobile game developer. Alpha Dog creates innovative and original mobile, tablet, and social games for gamers. Their games include MonstroCity: Rampage!, Wraithborne, and more.
buyer parent: ZeniMax Media, Inc.
buyer: Bethesda Softworks
Bethesda is a leading video game publisher. Bethesda has a long history of success as a publisher of award-winning video games. The Company's growing library of intellectual properties includes such major franchises as The Elder Scrolls, Fallout, Dishonored, DOOM, QUAKE, Wolfenstein, and more. "
target: Alpha Dog Games Inc.
Alpha Dog Games is a Canadian mobile game developer. Alpha Dog creates innovative and original mobile, tablet, and social games for gamers. Harnessing the power of Unity and Unreal Engine 4, their goal is to build an iconic brand through evolutionary design and pushing the limit of mobile games.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/29/2019 via BNC Analysis

Playrix, acquired Zagrava Games

synopsis: Russian mobile games publisher Playrix has acquired Zagrava Games, an independent Ukrainian studio of casual game developers with an experienced crew. They make games for PC and Mac, mobile and web.
buyer: Playrix
Playrix is a mobile game development company founded in 2004. They focus on free-to-play games for smartphones and tablets. Their games, Township, Fishdom and Gardenscapes have consistently been among the Top 50 Grossing Apps for iOS and Google Play since their release. "
target: Zagrava Games
Zagrava Games are an independent Ukrainian studio of casual game developers with an experienced crew. They make games for PC and Mac, mobile and web.
price ($mm)
$1.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/23/2019 via gamesindustry.biz

Saber Interactive, acquired Bigmoon Entertainment

synopsis: Saber Interactive, an independent developer of interactive games and entertainment, has acquired Bigmoon Entertainment, a video game developer in Portugal. Bigmoon Entertainment aims to develop the best games possible with immersive stories and innovative challenges. Their games include Dakar 18, Demons Age, Police Simulator: Patrol Duty, and more.
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Bigmoon Entertainment
Bigmoon Entertainment is a video game developer in Portugal. Bigmoon Entertainment aims to develop the best games possible with immersive stories, innovative challenges and great characters. Their games include Dakar 18, Demons Age, Syndrome, Police Simulator: Patrol Duty, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/9/2019 via BNC Analysis

King Digital Entertainment plc, acquired Hatrabbit AB

synopsis: Swedish gaming giant King has acquired the game studio Hatrabbit. Hatrabbit was founded in 2016 by Dice and Rovio veterans Andreas Chrysovitsano and Joakim Svärling, with the goal of developing mobile games in virtual reality, known as VR.
buyer parent: Activision Blizzard
buyer: King Digital Entertainment plc (KING:$2,012.57)
King is a leading interactive entertainment company for the mobile world, with people all around the world playing one or more of our games. We have developed more than 200 fun titles, offering games that are enjoyed all around the world. "
target: Hatrabbit AB
Hatrabbit is located in the heart of Stockholm, Sweden. Hatrabbit was founded in 2016 by Dice and Rovio veterans Andreas Chrysovitsano and Joakim Svärling, with the goal of developing mobile games in virtual reality, known as VR.
price ($mm)
rev ($mm)
$0
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 9/30/2019 via BNC Analysis

Concord Music, acquired Victory Records

synopsis: Growing indie powerhouse Concord Music has acquired Victory Records, the Chicago-based punk and emo label founded by Tony Brummel in 1989. As part of the deal, Concord has also acquired Brummel's Another Victory Publishing catalog.
buyer parent: MassMutual
buyer: Concord Music
Concord Music is an independent, worldwide leader in the development, acquisition, and management of recorded music and music publishing rights, including theatrical performance rights. Concord Music has a diverse and vibrant roster of active recording artists, composers, and songwriters. "
target: Victory Records
Victory Records is the Chicago-based punk and emo label founded by Tony Brummel in 1989. It also operates a music publishing company called "Another Victory, Inc." and is the distributor of several smaller independent record labels. It has featured many prominent post-hardcore and metalcore artists.
price ($mm)
$31
rev ($mm)
$5
EBITDA ($mm)
EV / rev
6.4x
EV / EBITDA
closed 9/25/2019 via BNC Analysis

Junglee Games, Inc., acquired Algorin TechLabs

synopsis: Junglee Games announced the completion of the acquisition of Algorin TechLabs, a Bengaluru-based gaming company. Algorin TechLabs was co-founded in 2017 by Vijay Varma and Abhishek Bharti and was instrumental to introduce PlayFantasy and JustKhel - skill-based daily fantasy sports’ platforms for serious gamers with close to real-match scoring.
buyer: Junglee Games, Inc.
As a pioneer in the Indian gaming space with over 25 million users, Junglee Games develops cutting-edge gaming technology and customized licensing solutions for desktop and mobile platforms. "
target: Algorin TechLabs
Algorin TechLabs was co-founded in 2017 by Vijay Varma and Abhishek Bharti and was instrumental to introduce PlayFantasy and JustKhel - skill-based daily fantasy sports’ platforms for serious gamers with close to real-match scoring.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/25/2019 via BNC Analysis

Nazara Technologies Pvt. Ltd., acquired SportsUnity Pvt. Ltd.

synopsis: Nazara Technologies Ltd, a mobile game developer in India, has acquired a majority stake in SportsUnity Pvt. Ltd, an Indian video game developer. SportsUnity is the developer of Qunami, India's #1 mobile quiz game. Qunami is cricket quiz platform that allows users to compete in tournaments or one-on-one battles for fun or money.
buyer: Nazara Technologies Pvt. Ltd.
Nazara is a leading mobile games publisher focused on the large mobile consumer base in India and other emerging markets. In addition to publishing a range of branded and original mobile games, Nazara also runs gaming subscription service across 60 countries. "
target: SportsUnity Pvt. Ltd.
SportsUnity is an Indian video game developer. SportsUnity is the developer of Qunami, India's #1 mobile quiz game. Qunami is cricket quiz platform that allows users to challenge their friends and compete in tournaments or one-on-one battles for fun or money.
price ($mm)
$1.05
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/18/2019 via BNC Analysis

XYRALITY GmbH, will acquire SHPlay GmbH

synopsis: Hamburg-based game company Xyrality, which offers games such as Fortress Kings, is taking over SHPlay. SHPlay is a Bielefeld, Germany-based game studio founded by Sebastian Heinisch. SHPlay develops web browser and Android simulation games such as Speditionsleiter and Leitstellenspiel.
buyer: XYRALITY GmbH
Xyrality specialises in developing and publishing next-generation MMO (massively multiplayer online) games for a broad target group. The Hamburg-based game company offers games such as Fortress King, a medieval strategy MMO. "
target: SHPlay GmbH
SHPlay is a Bielefeld, Germany-based game studio founded by Sebastian Heinisch. SHPlay develops web browser and Android simulation games such as Speditionsleiter and Leitstellenspiel. Speditionsleiter gives players the opportunity to run a shipping company.
price ($mm)
$2.21
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2019 via BNC Analysis

Improbable, acquired Midwinter Entertainment

synopsis: Improbable, a UK maker of online gaming infrastructure technology, has acquired Midwinter Entertainment, an independent development studio and maker of the upcoming online game Scavengers, a class-based multiplayer shooter with a unique “co-opetition” twist, set in a world devastated by a new ice age.
buyer: Improbable
UK's Improbable builds powerful technology to help solve complex problems and create new realities. They create next-generation gameplay through virtual worlds in gaming and entertainment. They are committed to building and supporting games that use its SpatialOS game development platform. "
target: Midwinter Entertainment
Midwinter is an independent game development studio building a tribe of fearless explorers, united through play. They are currently hard at work on their first game, Scavengers, a class-based multiplayer shooter with a unique “co-opetition” twist, set in a world devastated by a new ice age.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/5/2019 via Company Press Release

NetEnt AB, will acquire Red Tiger Gaming Limited

synopsis: NetEnt has entered into an agreement to acquire fast-growing online slot supplier Red Tiger Gaming Limited. Established in 2014, Red Tiger is a leading online supplier of casino games and software renowned for its daily jackpot games.
buyer: NetEnt AB (OM:NET B:$179.37)
NetEnt AB is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. "
target: Red Tiger Gaming Limited
Established in 2014, Red Tiger is a leading online supplier of casino games and software renowned for its daily jackpot games. The company has approximately 170 employees with operations in Malta, Isle of Man and Bulgaria.
price ($mm)
$240
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/3/2019 via GlobeNewswire

MobilityWare, Inc., acquired Jump Ramp Games

synopsis: MobilityWare, the original app developer for the game of Solitaire and creator of many other innovative and addictive games, announced the acquisition of Jump Ramp Games, the leader in delivering innovative promotions, rewards and instant winning experiences through free mobile casual gaming.
buyer: MobilityWare, Inc.
MobilityWare creates fun and engaging experiences that unleash the gamer in everyone. Their top-ranked free-to-play casual card games, such as Solitaire, Spider Solitaire, Blackjack, FreeCell, and TriPeaks Solitaire, are consistently ranked at the top of their category on mobile platforms. "
target: Jump Ramp Games
Considered one of New York City’s fastest growing mobile-first companies, Jump Ramp is the leader in delivering innovative promotions, rewards and instant winning experiences through free mobile casual gaming.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/29/2019 via BNC Analysis

Modus Games, acquired The Balance Inc.

synopsis: Modus Games announced that it has acquired Override: Mech City Brawl developer The Balance Inc., a game studio based in Brazil. It will become Modus Studios Brazil, the publisher’s first development studio. Modus is a division of Maximum Games focused on bringing AAA publishing services to independent developers.
buyer parent: Maximum Games
buyer: Modus Games
Modus is a division of Maximum Games focused on bringing AAA publishing services to independent developers around the world. With offices in the US & UK, they're one of the fastest growing full-service game publishers who have embraced the golden age of indie. "
target: The Balance Inc.
The Balance Inc. is a game studio based in Brazil that has developed Override: Mech City Brawl. Override is an action game that has players controlling giant robots. It can be played solo or with four people cooperatively.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/28/2019 via BNC Analysis

LCG Entertainment, acquired Telltale Games

synopsis: LCG Entertainment, a holdings company, has acquired Telltale Games, a company that pioneered the episodic delivery of digital gaming content and won numerous accolades for its best-selling game series, including The Walking Dead. LCG will look to sell Telltale’s older catalog of games is in talks to create new licensed games.
buyer: LCG Entertainment
LCG Entertainment is a holding company that is focused on developing new video games. LCG is passionate about video games and will focus on reviving old video games while also developing new sequels. "
target: Telltale Games
An award-winning independent developer and publisher of both original and licensed IP games, Telltale Games pioneered the episodic delivery of digital gaming content. Telltale won numerous accolades for its best-selling game series, including The Walking Dead and Batman: The Telltale Series.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/28/2019 via BNC Analysis

Playtika Ltd., acquired Seriously

synopsis: Playtika, Israel's leading mobile game company with 22 million monthly active users playing its titles, has acquired Seriously, the Finnish publisher of Best Fiends, a cartoon-style mobile game that launched in 2014 and has been downloaded close to 100 million times.
buyer parent: Giant Investment Ltd.
buyer: Playtika Ltd.
Based in Israel, Playtika is a leading mobile game company with 22 million monthly active users playing its titles. The company was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. "
target: Seriously
Based in Helsinki, Seriously is the publisher of Best Fiends, a cartoon-style mobile game that launched in 2014 and has been downloaded close to 100 million times. The game has nearly 2 million daily active users. It also launched an animated cartoon based on Best Fiends.
price ($mm)
$275
rev ($mm)
$68
EBITDA ($mm)
EV / rev
4.1x
EV / EBITDA
announced 8/23/2019 via BusinessWire

Hasbro, Inc., will acquire Entertainment One Ltd

synopsis: Hasbro, Inc., a global play and entertainment company, has entered into a definitive agreement to acquire Entertainment One, a global independent studio that specializes in the development, acquisition, production, financing, distribution and sales of entertainment content.
buyer: Hasbro, Inc. (HAS:$4,681.38)
Hasbro is a global play and entertainment company committed to Creating the World's Best Play Experiences. From toys and games to television, movies, digital gaming and consumer products, Hasbro offers a variety of ways for audiences to experience its iconic brands. "
target: Entertainment One Ltd (LSE:ETO:$1,173.08)
Entertainment One is a global independent studio that specializes in the development, acquisition, production, financing, distribution and sales of entertainment content.
price ($mm)[EV]
$3,420 [$4,001]
rev ($mm)
$1,144
EBITDA ($mm)
$136
EV / rev
3.7x
EV / EBITDA
30.7x
announced 8/21/2019 via BNC Analysis

Northedge Capital Partners, will acquire Catalis SE

synopsis: Catalis Group, a UK video game firm that's composed of; Testronic, a provider of quality assurance services, Kuju, a company that creates top-rated games, and Curve Digital, an award-winning digital games publisher, will be acquired by NorthEdge, a UK a private equity firm focused on lower mid-market buy-out and development capital transactions.
buyer: Northedge Capital Partners
Headquartered in the UK, NorthEdge manages £650m of private equity funds aimed at lower mid-market buy-out and development capital transactions. They are looking to invest in like-minded businesses who have real ambition and the potential to shape global markets from the regional powerhouses. "
target: Catalis SE (DB:XAE2:$29.89)
Catalis Group is a UK video game firm that covers every aspect of game testing, development and publishing. It’s composed of 3 companies; Testronic, a provider of quality assurance services, Kuju, a company that creates top-rated games, and Curve Digital, an award-winning digital games publisher.
price ($mm)
$109
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/21/2019 via BNC Analysis

Northedge Capital Partners, will acquire Catalis SE

synopsis: Catalis Group, a UK video game firm that's composed of; Testronic, a provider of quality assurance services, Kuju, a company that creates top-rated games, and Curve Digital, an award-winning digital games publisher, will be acquired by NorthEdge, a UK a private equity firm focused on lower mid-market buy-out and development capital transactions.
buyer: Northedge Capital Partners
Headquartered in the UK, NorthEdge manages £650m of private equity funds aimed at lower mid-market buy-out and development capital transactions. They are looking to invest in like-minded businesses who have real ambition and the potential to shape global markets from the regional powerhouses. "
target: Catalis SE (DB:XAE2:$29.89)
Catalis Group is a UK video game firm that covers every aspect of game testing, development and publishing. It’s composed of 3 companies; Testronic, a provider of quality assurance services, Kuju, a company that creates top-rated games, and Curve Digital, an award-winning digital games publisher.
price ($mm)
$109
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/21/2019 via BNC Analysis

Big Hit Entertainment, acquired Superb Corp.

synopsis: Big Hit Entertainment, the billion-dollar agency behind K-pop superstars BTS, announced it has acquired the Seoul-based music game company Superb. Since its founding in 2016, Superb has released "Pianista," a rhythm-based game for mobile and Nintendo Switch, and "Yumi’s Cells," a mobile game based on the popular Naver webtoon of the same name.
buyer: Big Hit Entertainment
Big Hit Entertainment, Co. is a South Korean entertainment company established in 2005 by Bang Si-hyuk. It currently manages soloist Lee Hyun and idol groups BTS and TXT. "
target: Superb Corp.
Superb Corp. is a South Korean music video game company. Since its founding in 2016, Superb has released "Pianista," a rhythm-based game for mobile and Nintendo Switch, and "Yumi’s Cells," a mobile game based on popular Naver webtoon of the same name.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/13/2019 via Company Press Release

Zordix AB, acquired Dimfrost Studio AB

synopsis: Zordix, a Swedish game developer & publisher whose core development team develops high-end racing games for PC and consoles, acquired Dimfrost Studio, a Swedish gaming studio focused on storytelling and atmospheric environments.
buyer: Zordix AB
Zordix is a Swedish game developer & publisher. Its core development team develops high-end racing games for PC and consoles. Zordix recently started Zordix Publishing, a new branch which focuses on working together with indie-studios, helping them bring their games to the global gaming market. "
target: Dimfrost Studio AB
Headquartered in Sweden, Dimfrost Studio is a gaming studio focused on storytelling and atmospheric environments. They develop adventure games about Nordic folklore. They also use their knowledge and experience from game development to take on other projects as subcontractors and consultants.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/30/2019 via PR Newswire

Wizards of the Coast, Inc., acquired Tuque Games Inc.

synopsis: Wizards of the Coast, a subsidiary of Hasbro, Inc., announced that it has acquired Tuque Games, a digital game development studio based in Montreal. Tuque is led by veterans of the game industry with experience working for leading publishers. Tuque is developing a game based on the massively popular Dungeons & Dragons franchise.
buyer parent: Hasbro, Inc.
buyer: Wizards of the Coast, Inc.
Wizards of the Coast brings people together through their shared love of games. Magic: The Gathering, Dungeons & Dragons, and other Wizards games are enjoyed by friends around the world, both at gaming tables and on digital platforms "
target: Tuque Games Inc.
Tuque Games is a video game developer based in Montreal, Canada. One of Montreal's growing list of independent development studios, it released its first title, Livelock, a co-operative top-down shooter, in 2016 and is developing a game based on the massively popular Dungeons & Dragons franchise.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/30/2019 via gamesindustry.biz

Bethesda Softworks, acquired Alpha Dog Games Inc.

synopsis: Bethesda Softworks, a leading video game publisher, has acquired Alpha Dog Games, a Canadian mobile game developer. Alpha Dog creates innovative and original mobile, tablet, and social games for gamers. Their games include MonstroCity: Rampage!, Wraithborne, and more.
buyer parent: ZeniMax Media, Inc.
buyer: Bethesda Softworks
Bethesda is a leading video game publisher. Bethesda has a long history of success as a publisher of award-winning video games. The Company's growing library of intellectual properties includes such major franchises as The Elder Scrolls, Fallout, Dishonored, DOOM, QUAKE, Wolfenstein, and more. "
target: Alpha Dog Games Inc.
Alpha Dog Games is a Canadian mobile game developer. Alpha Dog creates innovative and original mobile, tablet, and social games for gamers. Harnessing the power of Unity and Unreal Engine 4, their goal is to build an iconic brand through evolutionary design and pushing the limit of mobile games.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/29/2019 via BNC Analysis

Playrix, acquired Zagrava Games

synopsis: Russian mobile games publisher Playrix has acquired Zagrava Games, an independent Ukrainian studio of casual game developers with an experienced crew. They make games for PC and Mac, mobile and web.
buyer: Playrix
Playrix is a mobile game development company founded in 2004. They focus on free-to-play games for smartphones and tablets. Their games, Township, Fishdom and Gardenscapes have consistently been among the Top 50 Grossing Apps for iOS and Google Play since their release. "
target: Zagrava Games
Zagrava Games are an independent Ukrainian studio of casual game developers with an experienced crew. They make games for PC and Mac, mobile and web.
price ($mm)
$1.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/23/2019 via gamesindustry.biz

Saber Interactive, acquired Bigmoon Entertainment

synopsis: Saber Interactive, an independent developer of interactive games and entertainment, has acquired Bigmoon Entertainment, a video game developer in Portugal. Bigmoon Entertainment aims to develop the best games possible with immersive stories and innovative challenges. Their games include Dakar 18, Demons Age, Police Simulator: Patrol Duty, and more.
buyer: Saber Interactive
Saber Interactive is an independent developer of interactive games and entertainment. Founded in 2001, Saber has grown into one of the largest and longest-standing developers of interactive games in Russia/Eastern Europe and one of the few remaining independent game studios producing AAA content. "
target: Bigmoon Entertainment
Bigmoon Entertainment is a video game developer in Portugal. Bigmoon Entertainment aims to develop the best games possible with immersive stories, innovative challenges and great characters. Their games include Dakar 18, Demons Age, Syndrome, Police Simulator: Patrol Duty, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/9/2019 via BNC Analysis

King Digital Entertainment plc, acquired Hatrabbit AB

synopsis: Swedish gaming giant King has acquired the game studio Hatrabbit. Hatrabbit was founded in 2016 by Dice and Rovio veterans Andreas Chrysovitsano and Joakim Svärling, with the goal of developing mobile games in virtual reality, known as VR.
buyer parent: Activision Blizzard
buyer: King Digital Entertainment plc (KING:$2,012.57)
King is a leading interactive entertainment company for the mobile world, with people all around the world playing one or more of our games. We have developed more than 200 fun titles, offering games that are enjoyed all around the world. "
target: Hatrabbit AB
Hatrabbit is located in the heart of Stockholm, Sweden. Hatrabbit was founded in 2016 by Dice and Rovio veterans Andreas Chrysovitsano and Joakim Svärling, with the goal of developing mobile games in virtual reality, known as VR.
price ($mm)
rev ($mm)
$0
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 9/30/2019 via BNC Analysis

Concord Music, acquired Victory Records

synopsis: Growing indie powerhouse Concord Music has acquired Victory Records, the Chicago-based punk and emo label founded by Tony Brummel in 1989. As part of the deal, Concord has also acquired Brummel's Another Victory Publishing catalog.
buyer parent: MassMutual
buyer: Concord Music
Concord Music is an independent, worldwide leader in the development, acquisition, and management of recorded music and music publishing rights, including theatrical performance rights. Concord Music has a diverse and vibrant roster of active recording artists, composers, and songwriters. "
target: Victory Records
Victory Records is the Chicago-based punk and emo label founded by Tony Brummel in 1989. It also operates a music publishing company called "Another Victory, Inc." and is the distributor of several smaller independent record labels. It has featured many prominent post-hardcore and metalcore artists.
price ($mm)
$31
rev ($mm)
$5
EBITDA ($mm)
EV / rev
6.4x
EV / EBITDA
closed 9/25/2019 via BNC Analysis

Junglee Games, Inc., acquired Algorin TechLabs

synopsis: Junglee Games announced the completion of the acquisition of Algorin TechLabs, a Bengaluru-based gaming company. Algorin TechLabs was co-founded in 2017 by Vijay Varma and Abhishek Bharti and was instrumental to introduce PlayFantasy and JustKhel - skill-based daily fantasy sports’ platforms for serious gamers with close to real-match scoring.
buyer: Junglee Games, Inc.
As a pioneer in the Indian gaming space with over 25 million users, Junglee Games develops cutting-edge gaming technology and customized licensing solutions for desktop and mobile platforms. "
target: Algorin TechLabs
Algorin TechLabs was co-founded in 2017 by Vijay Varma and Abhishek Bharti and was instrumental to introduce PlayFantasy and JustKhel - skill-based daily fantasy sports’ platforms for serious gamers with close to real-match scoring.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/25/2019 via BNC Analysis

Nazara Technologies Pvt. Ltd., acquired SportsUnity Pvt. Ltd.

synopsis: Nazara Technologies Ltd, a mobile game developer in India, has acquired a majority stake in SportsUnity Pvt. Ltd, an Indian video game developer. SportsUnity is the developer of Qunami, India's #1 mobile quiz game. Qunami is cricket quiz platform that allows users to compete in tournaments or one-on-one battles for fun or money.
buyer: Nazara Technologies Pvt. Ltd.
Nazara is a leading mobile games publisher focused on the large mobile consumer base in India and other emerging markets. In addition to publishing a range of branded and original mobile games, Nazara also runs gaming subscription service across 60 countries. "
target: SportsUnity Pvt. Ltd.
SportsUnity is an Indian video game developer. SportsUnity is the developer of Qunami, India's #1 mobile quiz game. Qunami is cricket quiz platform that allows users to challenge their friends and compete in tournaments or one-on-one battles for fun or money.
price ($mm)
$1.05
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/18/2019 via BNC Analysis

XYRALITY GmbH, will acquire SHPlay GmbH

synopsis: Hamburg-based game company Xyrality, which offers games such as Fortress Kings, is taking over SHPlay. SHPlay is a Bielefeld, Germany-based game studio founded by Sebastian Heinisch. SHPlay develops web browser and Android simulation games such as Speditionsleiter and Leitstellenspiel.
buyer: XYRALITY GmbH
Xyrality specialises in developing and publishing next-generation MMO (massively multiplayer online) games for a broad target group. The Hamburg-based game company offers games such as Fortress King, a medieval strategy MMO. "
target: SHPlay GmbH
SHPlay is a Bielefeld, Germany-based game studio founded by Sebastian Heinisch. SHPlay develops web browser and Android simulation games such as Speditionsleiter and Leitstellenspiel. Speditionsleiter gives players the opportunity to run a shipping company.
price ($mm)
$2.21
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2019 via BNC Analysis

Improbable, acquired Midwinter Entertainment

synopsis: Improbable, a UK maker of online gaming infrastructure technology, has acquired Midwinter Entertainment, an independent development studio and maker of the upcoming online game Scavengers, a class-based multiplayer shooter with a unique “co-opetition” twist, set in a world devastated by a new ice age.
buyer: Improbable
UK's Improbable builds powerful technology to help solve complex problems and create new realities. They create next-generation gameplay through virtual worlds in gaming and entertainment. They are committed to building and supporting games that use its SpatialOS game development platform. "
target: Midwinter Entertainment
Midwinter is an independent game development studio building a tribe of fearless explorers, united through play. They are currently hard at work on their first game, Scavengers, a class-based multiplayer shooter with a unique “co-opetition” twist, set in a world devastated by a new ice age.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/5/2019 via Company Press Release

NetEnt AB, will acquire Red Tiger Gaming Limited

synopsis: NetEnt has entered into an agreement to acquire fast-growing online slot supplier Red Tiger Gaming Limited. Established in 2014, Red Tiger is a leading online supplier of casino games and software renowned for its daily jackpot games.
buyer: NetEnt AB (OM:NET B:$179.37)
NetEnt AB is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. "
target: Red Tiger Gaming Limited
Established in 2014, Red Tiger is a leading online supplier of casino games and software renowned for its daily jackpot games. The company has approximately 170 employees with operations in Malta, Isle of Man and Bulgaria.
price ($mm)
$240
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/3/2019 via GlobeNewswire

MobilityWare, Inc., acquired Jump Ramp Games

synopsis: MobilityWare, the original app developer for the game of Solitaire and creator of many other innovative and addictive games, announced the acquisition of Jump Ramp Games, the leader in delivering innovative promotions, rewards and instant winning experiences through free mobile casual gaming.
buyer: MobilityWare, Inc.
MobilityWare creates fun and engaging experiences that unleash the gamer in everyone. Their top-ranked free-to-play casual card games, such as Solitaire, Spider Solitaire, Blackjack, FreeCell, and TriPeaks Solitaire, are consistently ranked at the top of their category on mobile platforms. "
target: Jump Ramp Games
Considered one of New York City’s fastest growing mobile-first companies, Jump Ramp is the leader in delivering innovative promotions, rewards and instant winning experiences through free mobile casual gaming.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/29/2019 via BNC Analysis

Modus Games, acquired The Balance Inc.

synopsis: Modus Games announced that it has acquired Override: Mech City Brawl developer The Balance Inc., a game studio based in Brazil. It will become Modus Studios Brazil, the publisher’s first development studio. Modus is a division of Maximum Games focused on bringing AAA publishing services to independent developers.
buyer parent: Maximum Games
buyer: Modus Games
Modus is a division of Maximum Games focused on bringing AAA publishing services to independent developers around the world. With offices in the US & UK, they're one of the fastest growing full-service game publishers who have embraced the golden age of indie. "
target: The Balance Inc.
The Balance Inc. is a game studio based in Brazil that has developed Override: Mech City Brawl. Override is an action game that has players controlling giant robots. It can be played solo or with four people cooperatively.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/28/2019 via BNC Analysis

LCG Entertainment, acquired Telltale Games

synopsis: LCG Entertainment, a holdings company, has acquired Telltale Games, a company that pioneered the episodic delivery of digital gaming content and won numerous accolades for its best-selling game series, including The Walking Dead. LCG will look to sell Telltale’s older catalog of games is in talks to create new licensed games.
buyer: LCG Entertainment
LCG Entertainment is a holding company that is focused on developing new video games. LCG is passionate about video games and will focus on reviving old video games while also developing new sequels. "
target: Telltale Games
An award-winning independent developer and publisher of both original and licensed IP games, Telltale Games pioneered the episodic delivery of digital gaming content. Telltale won numerous accolades for its best-selling game series, including The Walking Dead and Batman: The Telltale Series.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/28/2019 via BNC Analysis

Playtika Ltd., acquired Seriously

synopsis: Playtika, Israel's leading mobile game company with 22 million monthly active users playing its titles, has acquired Seriously, the Finnish publisher of Best Fiends, a cartoon-style mobile game that launched in 2014 and has been downloaded close to 100 million times.
buyer parent: Giant Investment Ltd.
buyer: Playtika Ltd.
Based in Israel, Playtika is a leading mobile game company with 22 million monthly active users playing its titles. The company was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. "
target: Seriously
Based in Helsinki, Seriously is the publisher of Best Fiends, a cartoon-style mobile game that launched in 2014 and has been downloaded close to 100 million times. The game has nearly 2 million daily active users. It also launched an animated cartoon based on Best Fiends.
price ($mm)
$275
rev ($mm)
$68
EBITDA ($mm)
EV / rev
4.1x
EV / EBITDA
announced 8/23/2019 via BusinessWire

Hasbro, Inc., will acquire Entertainment One Ltd

synopsis: Hasbro, Inc., a global play and entertainment company, has entered into a definitive agreement to acquire Entertainment One, a global independent studio that specializes in the development, acquisition, production, financing, distribution and sales of entertainment content.
buyer: Hasbro, Inc. (HAS:$4,681.38)
Hasbro is a global play and entertainment company committed to Creating the World's Best Play Experiences. From toys and games to television, movies, digital gaming and consumer products, Hasbro offers a variety of ways for audiences to experience its iconic brands. "
target: Entertainment One Ltd (LSE:ETO:$1,173.08)
Entertainment One is a global independent studio that specializes in the development, acquisition, production, financing, distribution and sales of entertainment content.
price ($mm)[EV]
$3,420 [$4,001]
rev ($mm)
$1,144
EBITDA ($mm)
$136
EV / rev
3.7x
EV / EBITDA
30.7x
announced 8/21/2019 via BNC Analysis

Northedge Capital Partners, will acquire Catalis SE

synopsis: Catalis Group, a UK video game firm that's composed of; Testronic, a provider of quality assurance services, Kuju, a company that creates top-rated games, and Curve Digital, an award-winning digital games publisher, will be acquired by NorthEdge, a UK a private equity firm focused on lower mid-market buy-out and development capital transactions.
buyer: Northedge Capital Partners
Headquartered in the UK, NorthEdge manages £650m of private equity funds aimed at lower mid-market buy-out and development capital transactions. They are looking to invest in like-minded businesses who have real ambition and the potential to shape global markets from the regional powerhouses. "
target: Catalis SE (DB:XAE2:$29.89)
Catalis Group is a UK video game firm that covers every aspect of game testing, development and publishing. It’s composed of 3 companies; Testronic, a provider of quality assurance services, Kuju, a company that creates top-rated games, and Curve Digital, an award-winning digital games publisher.
price ($mm)
$109
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/21/2019 via BNC Analysis

Northedge Capital Partners, will acquire Catalis SE

synopsis: Catalis Group, a UK video game firm that's composed of; Testronic, a provider of quality assurance services, Kuju, a company that creates top-rated games, and Curve Digital, an award-winning digital games publisher, will be acquired by NorthEdge, a UK a private equity firm focused on lower mid-market buy-out and development capital transactions.
buyer: Northedge Capital Partners
Headquartered in the UK, NorthEdge manages £650m of private equity funds aimed at lower mid-market buy-out and development capital transactions. They are looking to invest in like-minded businesses who have real ambition and the potential to shape global markets from the regional powerhouses. "
target: Catalis SE (DB:XAE2:$29.89)
Catalis Group is a UK video game firm that covers every aspect of game testing, development and publishing. It’s composed of 3 companies; Testronic, a provider of quality assurance services, Kuju, a company that creates top-rated games, and Curve Digital, an award-winning digital games publisher.
price ($mm)
$109
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/21/2019 via BNC Analysis

Big Hit Entertainment, acquired Superb Corp.

synopsis: Big Hit Entertainment, the billion-dollar agency behind K-pop superstars BTS, announced it has acquired the Seoul-based music game company Superb. Since its founding in 2016, Superb has released "Pianista," a rhythm-based game for mobile and Nintendo Switch, and "Yumi’s Cells," a mobile game based on the popular Naver webtoon of the same name.
buyer: Big Hit Entertainment
Big Hit Entertainment, Co. is a South Korean entertainment company established in 2005 by Bang Si-hyuk. It currently manages soloist Lee Hyun and idol groups BTS and TXT. "
target: Superb Corp.
Superb Corp. is a South Korean music video game company. Since its founding in 2016, Superb has released "Pianista," a rhythm-based game for mobile and Nintendo Switch, and "Yumi’s Cells," a mobile game based on popular Naver webtoon of the same name.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

By Vivendi SA


read more

Kino Swiat

Appatura

Langoor Pty Ltd

Buzzman

Mezzo SA

ROK Advertising

Battery

RDV Médicaux

Ingrooves Music Group

FreshPlanet

Editis

Garorock Festival

Republica Havas

Catchi

THEMA SAS

Paylogic

Les Déferlantes

Live au Campo

SPZ Group

Immerse Group Sdn. Bhd.

read more

Dimfrost Studio AB

Tuque Games Inc.

Alpha Dog Games Inc.

Zagrava Games

Bigmoon Entertainment

Hatrabbit AB

Victory Records

Algorin TechLabs

SportsUnity Pvt. Ltd.

SHPlay GmbH

Midwinter Entertainment

Red Tiger Gaming Limited

Jump Ramp Games

The Balance Inc.

Telltale Games

Seriously

Entertainment One Ltd

Catalis SE

Catalis SE

Superb Corp.

read more

Dimfrost Studio AB

Tuque Games Inc.

Alpha Dog Games Inc.

Zagrava Games

Bigmoon Entertainment

Hatrabbit AB

Victory Records

Algorin TechLabs

SportsUnity Pvt. Ltd.

SHPlay GmbH

Midwinter Entertainment

Red Tiger Gaming Limited

Jump Ramp Games

The Balance Inc.

Telltale Games

Seriously

Entertainment One Ltd

Catalis SE

Catalis SE

Superb Corp.

Geography
Matching Companies
Ticker: ENXTPA:VIV
 
 
 
 
 
 
 
 
Vivendi SA
Vivendi SA
Vivendi is an integrated media and content group. The company operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content.
year
2019
rev ($mm)
$16,383.45
EBITDA ($mm)
$1,932.74
EBIT ($mm)
$1,551.06
Net Income ($mm)
$533.25
Employees
41600
  • drill down
  • watch
Ticker: KNM
 
 
 
 
 
 
 
 
Konami Corporation
Konami Corporation
Konami Corporation develops, publishes, markets, and distributes video game software products for stationary and portable consoles, as well as for use on personal computers. It operates in three segments: Digital Entertainment, Gaming & Systems, and Health & Fitness.
year
2012
rev ($mm)
$265,758.00
EBITDA ($mm)
$51,370.00
EBIT ($mm)
$41,292.00
Net Income ($mm)
$23,012.00
Employees
5362
  • drill down
  • watch
Ticker: DIS
 
 
 
 
 
 
 
 
The Walt Disney Company
The Walt Disney Company
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.
year
2019
rev ($mm)
$64,776.00
EBITDA ($mm)
$16,542.00
EBIT ($mm)
$12,884.00
Net Income ($mm)
$12,322.00
Employees
201000
  • drill down
  • watch
Ticker: SEHK:700
 
 
 
 
 
 
 
 
Tencent Holdings Ltd.
Tencent Holdings Ltd.
Tencent Holdings Limited is an investment holding company involved in providing internet and mobile value-added services (VAS), online advertising services and e-commerce transactions services
year
2019
rev ($mm)
$46,983.28
EBITDA ($mm)
$16,822.78
EBIT ($mm)
$12,097.11
Net Income ($mm)
$11,960.20
Employees
54623
  • drill down
  • watch
Ticker: CBS
 
 
 
 
 
 
 
 
CBS Corporation
CBS Corporation
CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry.
year
2019
rev ($mm)
$15,263.00
EBITDA ($mm)
$3,123.00
EBIT ($mm)
$2,906.00
Net Income ($mm)
$3,072.00
Employees
12770
  • drill down
  • watch
Ticker: NTES
 
 
 
 
 
 
 
 
NetEase, Inc.
NetEase, Inc.
NetEase, Inc. is a leading internet technology company in China. Dedicated to providing online services centered around content, community, communication and commerce, NetEase develops some of China’s most popular PC-client and mobile games, e-commerce businesses, advertising and e-mail services.
year
2019
rev ($mm)
$10,750.03
EBITDA ($mm)
$1,998.42
EBIT ($mm)
$1,637.88
Net Income ($mm)
$1,273.77
Employees
23687
  • drill down
  • watch
Ticker: NWSA
 
 
 
 
 
 
 
 
News Corporation
News Corporation
News Corporation is a diversified media and information services company with operations in several industry segments: news and information services, digital real estate services, book publishing, digital education, and sports programming and pay-TV distribution.
year
2019
rev ($mm)
$10,301.00
EBITDA ($mm)
$1,126.00
EBIT ($mm)
$632.00
Net Income ($mm)
Employees
28000
  • drill down
  • watch
Ticker: ENXTPA:MMB
 
 
 
 
 
 
 
 
Lagardère SCA
Lagardère SCA
The Lagardère group is a global leader in content production and distribution whose powerful brands leverage its virtual and physical networks to attract and enjoy qualified audiences. It is structured around four business lines: publishing, travel retail, media, and sports and entertainment.
year
2018
rev ($mm)
$8,189.42
EBITDA ($mm)
$678.27
EBIT ($mm)
$379.30
Net Income ($mm)
$216.42
Employees
28738
  • drill down
  • watch
Ticker: ATVI
 
 
 
 
 
 
 
 
Activision Blizzard
Activision Blizzard
Activision Blizzard, Inc., a member of the S&P 500, is the world's most successful standalone interactive entertainment company. Activision Blizzard develops and publishes games based on some of the most beloved entertainment franchises, including Call of Duty, Guitar Hero, and World of Warcraft.
year
2016
rev ($mm)
$5,946.00
EBITDA ($mm)
$1,893.00
EBIT ($mm)
$1,279.00
Net Income ($mm)
$872.00
Employees
7190
  • drill down
  • watch
Ticker: TSE:7974
 
 
 
 
 
 
 
 
Nintendo
Nintendo
Nintendo Co., Ltd. is a Japanese multinational consumer electronics company headquartered in Kyoto, Japan. Nintendo is the world's largest video game company by revenue.
year
2014
rev ($mm)
$5,578.09
EBITDA ($mm)
($356.18)
EBIT ($mm)
($452.95)
Net Income ($mm)
Employees
5213
  • drill down
  • watch
Ticker: SNDA
 
 
 
 
 
 
 
 
Shanda Interactive Entertainment Limited
Shanda Interactive Entertainment Limited
Shanda Interactive Entertainment Limited is a leading interactive entertainment media company in China. Shanda offers a portfolio of diversified entertainment content including some of the most popular massively multi-player and casual online games in China.
year
2010
rev ($mm)
$5,572.25
EBITDA ($mm)
$1,371.86
EBIT ($mm)
$850.83
Net Income ($mm)
$614.15
Employees
8431
  • drill down
  • watch
Ticker: NasdaqGS:EA
 
 
 
 
 
 
 
 
Electronic Arts Inc.
Electronic Arts Inc.
Electronic Arts (EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. EA has more than 300 million registered players around the world.
year
2018
rev ($mm)
$5,150.00
EBITDA ($mm)
$1,568.00
EBIT ($mm)
$1,434.00
Net Income ($mm)
$1,043.00
Employees
9300
  • drill down
  • watch
Ticker: KOSE:A035420
 
 
 
 
 
 
 
 
Naver Corporation
Naver Corporation
Naver Corporation is an Internet content service operator headquartered in Seongnam, South Korea. It operates the Naver search portal and Hangame gaming services. Its spinoff companies in Japan operate the Line messaging service in addition to offering Japanese versions of Naver and Hangame.
year
2018
rev ($mm)
$4,765.33
EBITDA ($mm)
$1,101.84
EBIT ($mm)
$908.72
Net Income ($mm)
$632.78
Employees
2346
  • drill down
  • watch
Ticker: IAC
 
 
 
 
 
 
 
 
IAC
IAC
IAC is a leading media and Internet company comprised of some of the world’s most recognized brands and products, such as HomeAdvisor, Vimeo, About.com, Dictionary.com, The Daily Beast, Investopedia, and Match Group’s online dating portfolio, which includes Match, OkCupid and Tinder.
year
2019
rev ($mm)
$4,501.20
EBITDA ($mm)
$799.46
EBIT ($mm)
$640.26
Net Income ($mm)
$539.69
Employees
7800
  • drill down
  • watch
Ticker: JSE:NPN
 
 
 
 
 
 
 
 
Naspers Ltd.
Naspers Ltd.
Founded in 1915, Naspers is a global internet and entertainment group and one of the largest technology investors in the world. Operating in more than 130 countries and markets with long-term growth potential, Naspers builds leading companies that empower people and enrich communities.
year
2019
rev ($mm)
$3,291.00
EBITDA ($mm)
($415.00)
EBIT ($mm)
($561.00)
Net Income ($mm)
$6,901.00
Employees
20196
  • drill down
  • watch
Ticker: ENXTPA:VIV
 
 
 
 
 
 
 
 
Vivendi SA
Vivendi SA
Vivendi is an integrated media and content group. The company operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content.
year
2019
rev ($mm)
$16,383.45
EBITDA ($mm)
$1,932.74
EBIT ($mm)
$1,551.06
Net Income ($mm)
$533.25
Employees
41600
  • drill down
  • watch
Ticker: KNM
 
 
 
 
 
 
 
 
Konami Corporation
Konami Corporation
Konami Corporation develops, publishes, markets, and distributes video game software products for stationary and portable consoles, as well as for use on personal computers. It operates in three segments: Digital Entertainment, Gaming & Systems, and Health & Fitness.
year
2012
rev ($mm)
$265,758.00
EBITDA ($mm)
$51,370.00
EBIT ($mm)
$41,292.00
Net Income ($mm)
$23,012.00
Employees
5362
  • drill down
  • watch
Ticker: DIS
 
 
 
 
 
 
 
 
The Walt Disney Company
The Walt Disney Company
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.
year
2019
rev ($mm)
$64,776.00
EBITDA ($mm)
$16,542.00
EBIT ($mm)
$12,884.00
Net Income ($mm)
$12,322.00
Employees
201000
  • drill down
  • watch
Ticker: SEHK:700
 
 
 
 
 
 
 
 
Tencent Holdings Ltd.
Tencent Holdings Ltd.
Tencent Holdings Limited is an investment holding company involved in providing internet and mobile value-added services (VAS), online advertising services and e-commerce transactions services
year
2019
rev ($mm)
$46,983.28
EBITDA ($mm)
$16,822.78
EBIT ($mm)
$12,097.11
Net Income ($mm)
$11,960.20
Employees
54623
  • drill down
  • watch
Ticker: CBS
 
 
 
 
 
 
 
 
CBS Corporation
CBS Corporation
CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry.
year
2019
rev ($mm)
$15,263.00
EBITDA ($mm)
$3,123.00
EBIT ($mm)
$2,906.00
Net Income ($mm)
$3,072.00
Employees
12770
  • drill down
  • watch
Ticker: NTES
 
 
 
 
 
 
 
 
NetEase, Inc.
NetEase, Inc.
NetEase, Inc. is a leading internet technology company in China. Dedicated to providing online services centered around content, community, communication and commerce, NetEase develops some of China’s most popular PC-client and mobile games, e-commerce businesses, advertising and e-mail services.
year
2019
rev ($mm)
$10,750.03
EBITDA ($mm)
$1,998.42
EBIT ($mm)
$1,637.88
Net Income ($mm)
$1,273.77
Employees
23687
  • drill down
  • watch
Ticker: NWSA
 
 
 
 
 
 
 
 
News Corporation
News Corporation
News Corporation is a diversified media and information services company with operations in several industry segments: news and information services, digital real estate services, book publishing, digital education, and sports programming and pay-TV distribution.
year
2019
rev ($mm)
$10,301.00
EBITDA ($mm)
$1,126.00
EBIT ($mm)
$632.00
Net Income ($mm)
Employees
28000
  • drill down
  • watch
Ticker: ENXTPA:MMB
 
 
 
 
 
 
 
 
Lagardère SCA
Lagardère SCA
The Lagardère group is a global leader in content production and distribution whose powerful brands leverage its virtual and physical networks to attract and enjoy qualified audiences. It is structured around four business lines: publishing, travel retail, media, and sports and entertainment.
year
2018
rev ($mm)
$8,189.42
EBITDA ($mm)
$678.27
EBIT ($mm)
$379.30
Net Income ($mm)
$216.42
Employees
28738
  • drill down
  • watch
Ticker: ATVI
 
 
 
 
 
 
 
 
Activision Blizzard
Activision Blizzard
Activision Blizzard, Inc., a member of the S&P 500, is the world's most successful standalone interactive entertainment company. Activision Blizzard develops and publishes games based on some of the most beloved entertainment franchises, including Call of Duty, Guitar Hero, and World of Warcraft.
year
2016
rev ($mm)
$5,946.00
EBITDA ($mm)
$1,893.00
EBIT ($mm)
$1,279.00
Net Income ($mm)
$872.00
Employees
7190
  • drill down
  • watch
Ticker: TSE:7974
 
 
 
 
 
 
 
 
Nintendo
Nintendo
Nintendo Co., Ltd. is a Japanese multinational consumer electronics company headquartered in Kyoto, Japan. Nintendo is the world's largest video game company by revenue.
year
2014
rev ($mm)
$5,578.09
EBITDA ($mm)
($356.18)
EBIT ($mm)
($452.95)
Net Income ($mm)
Employees
5213
  • drill down
  • watch
Ticker: SNDA
 
 
 
 
 
 
 
 
Shanda Interactive Entertainment Limited
Shanda Interactive Entertainment Limited
Shanda Interactive Entertainment Limited is a leading interactive entertainment media company in China. Shanda offers a portfolio of diversified entertainment content including some of the most popular massively multi-player and casual online games in China.
year
2010
rev ($mm)
$5,572.25
EBITDA ($mm)
$1,371.86
EBIT ($mm)
$850.83
Net Income ($mm)
$614.15
Employees
8431
  • drill down
  • watch
Ticker: NasdaqGS:EA
 
 
 
 
 
 
 
 
Electronic Arts Inc.
Electronic Arts Inc.
Electronic Arts (EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. EA has more than 300 million registered players around the world.
year
2018
rev ($mm)
$5,150.00
EBITDA ($mm)
$1,568.00
EBIT ($mm)
$1,434.00
Net Income ($mm)
$1,043.00
Employees
9300
  • drill down
  • watch
Ticker: KOSE:A035420
 
 
 
 
 
 
 
 
Naver Corporation
Naver Corporation
Naver Corporation is an Internet content service operator headquartered in Seongnam, South Korea. It operates the Naver search portal and Hangame gaming services. Its spinoff companies in Japan operate the Line messaging service in addition to offering Japanese versions of Naver and Hangame.
year
2018
rev ($mm)
$4,765.33
EBITDA ($mm)
$1,101.84
EBIT ($mm)
$908.72
Net Income ($mm)
$632.78
Employees
2346
  • drill down
  • watch
Ticker: IAC
 
 
 
 
 
 
 
 
IAC
IAC
IAC is a leading media and Internet company comprised of some of the world’s most recognized brands and products, such as HomeAdvisor, Vimeo, About.com, Dictionary.com, The Daily Beast, Investopedia, and Match Group’s online dating portfolio, which includes Match, OkCupid and Tinder.
year
2019
rev ($mm)
$4,501.20
EBITDA ($mm)
$799.46
EBIT ($mm)
$640.26
Net Income ($mm)
$539.69
Employees
7800
  • drill down
  • watch
Ticker: JSE:NPN
 
 
 
 
 
 
 
 
Naspers Ltd.
Naspers Ltd.
Founded in 1915, Naspers is a global internet and entertainment group and one of the largest technology investors in the world. Operating in more than 130 countries and markets with long-term growth potential, Naspers builds leading companies that empower people and enrich communities.
year
2019
rev ($mm)
$3,291.00
EBITDA ($mm)
($415.00)
EBIT ($mm)
($561.00)
Net Income ($mm)
$6,901.00
Employees
20196
  • drill down
  • watch