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Vinco Ventures Completes Acquisition Of Tiktok Rival Lomotif

Dec 19, 2022about 3 years ago

Acquiring Company

Vinco Ventures

Acquired Company

TikTok US Operations

Los AngelesEntertainment Providers

Description

Vinco Ventures announces the purchase of all ZVV equity interest of ZVV Media Partners, a joint venture with ZASH Global Media, including TikTok rival Lomotif.

Company Information

Company

Vinco Ventures

About

Vinco Ventures, Inc. leverages the new market opportunity by utilizing their B.I.G. Strategy: Buy. Innovate. Grow. Buy - Acquisitions is our model. We will seek to acquire significant brands to continue to add to the Portfolio. Innovate –…

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