Tech Company M&A Transactions
Lightstream Acquisition
Headquartered in Chicago, Lightstream was bought by Vitec. The transaction price was $35.9 million.
Transaction Overview
Company Name
Acquired By
Announced On
4/13/2021
Transaction Type
M&A
Amount
$35,900,000
M&A Terms
Vitec paid $21.9M USD in consideration for the acquisition upon its completion. Additionally, Vitec agreed to pay up to an additional $14M over the next three years in conjunction with the business transaction. The total costs of acquiring Infiniscene (dba Lightstream), which reported $1.8M in revenues and an EBITDA loss of $2.6M in 2020, will be $35.9M.
Company Information
Company Status
Acquired or Merged
Industry
Digital Media & VR & AR
Mailing Address
Undisclosed
Chicago, IL 60007
USA
Chicago, IL 60007
USA
Phone
Undisclosed
Website
Email Address
Overview
Lightstream is a small, but growing team of gaming, esports, and video industry veterans. Members of our team have contributed to the success of brands like SteelSeries, Machinima, Open Broadcasting Software, Major League Gaming, ESL, Beyond Gaming, and even old school brands like GotFrag & World Cyber Games. Yes, some of us are that old.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Stu Grubbs
Chief Operating Officer
Aaron Hassell
Chief Technical Officer
Jenny Farver
VP - Bus. Development
Ryan Forquer
VP - Customer Service
Drew Pierce
VP - Engineering
Sami Rageb
VP - Engineering
Daniel Trocchio
Browse more venture capital transactions:
Prev: 4/13/2021: Rock the Bells venture capital transaction
Next: 4/13/2021: Antios Therapeutics venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs