Acquiring Company
Sigma Chain
Acquired Company
Cyworld
South KoreaSouth KoreaInformation TechnologySoftwareBlockchainCryptocurrencySocial MediaSocial Media ManagementDescription
Sigma Chain has successfully acquired the intellectual property of Cyworld, aiming to relaunch the platform as Cyworld 3.0. The beta service is set to begin in October 2026, with a full rollout planned for the first half of 2027. Despite legal uncertainties surrounding the acquisition, Sigma Chain is focused on integrating blockchain technology to enhance user experience and monetization. This acquisition marks a new chapter for Cyworld, which has changed ownership multiple times in its history.
M&A Insights
Based on deal dataFrequently asked
Who acquired Cyworld?
Cyworld was acquired by Sigma Chain, based in South Korea. The deal was reported on August 12, 2026. Sigma Chain is a blockchain technology company that specializes in data processing, software, and identity authentication technologies. Sigma Chain is privately held and operates in Information Technology.
When did Sigma Chain acquire Cyworld?
Sigma Chain's acquisition of Cyworld was reported on August 12, 2026. Sigma Chain has successfully acquired the intellectual property of Cyworld, aiming to relaunch the platform as Cyworld 3.0. The beta service is set to begin in October 2026, with a full rollout planned for the first half of 2027. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Cyworld do?
Cyworld is an iconic social networking service that gained popularity in the 2000s and 2010s. Originally created by KAIST graduate students, it offered features like Minihompy and Dotori, which drove substantial revenue. It is privately held, operating in Social Media, and is based in South Korea.