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Voodoo completes acquisition of BeReal for €500M

Jun 11, 2024over 1 year ago

Acquiring Company

Voodoo

Acquired Company

BeReal

ParisParisPublishingVideo GamesGamingSoftwarePhoto Sharing

Description

Voodoo, a prominent French mobile apps and games publisher, has successfully acquired BeReal for €500 million. The acquisition aims to leverage Voodoo's know-how and differentiated technologies to scale BeReal into an iconic social network for authenticity, building on BeReal's incredible user loyalty and growth.

Company Information

Company

Voodoo

Location

Paris, Ile De France, France

About

Voodoo is a leading French mobile apps and games publisher known for its innovative and engaging products. The company has a strong track record of successful acquisitions and is focused on leveraging its expertise to bring unique experiences to users worldwide.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed