Tech Company M&A Transactions
Heyzap Acquisition
Heyzap, operating out of San Francisco, was acquired by RNTS Media. RNTS Media said the transaction price was $45 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/23/2015
Transaction Type
M&A
Amount
$45,000,000
M&A Terms
RNTS is buying Heyzap for an initial cash consideration of $20 million. Potential earn-out payments in cash and shares of up to $25 million upon achievement of certain ambitious targets until 2017.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
251 Kearny St.
San Francisco, CA 94142
USA
San Francisco, CA 94142
USA
Phone
Undisclosed
Website
Email Address
Overview
Heyzap allows any website or blog to take the most exciting flash games and put them into their website. This results in the website/blog having increased traffic, user time of site and engagement. When youtube got video out everywhere over the internet, it changed the entire experience of the internet. We believe at heyzap that we will get engaging games content.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Immad Akhund
Chief Technical Officer
James Smith
President
Jude Gomila
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