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Digital Media
Who acquires Digital Media companies
127 distinct acquirers across 184 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.
184
Transactions
2014 to 2026
127
Named acquirers
distinct buyers
8.3x
Median EV/EBITDA
from 21 disclosed
$40m
Median deal size
enterprise value
Most active acquirers
Ranked by number of acquisitions recorded in this sector. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.
- Keywords Studios12 deals
- Playmaker7 deals
- Catena Media6 deals
- MTG5 deals
- Link Mobility5 deals
- Next 15 Group5 deals
- Stride Gaming4 deals
- Better Collective A/S3 deals
Recorded transactions
| Target | Acquirer | Date | Value | EV/EBITDA | EV/Revenue |
|---|---|---|---|---|---|
| RTB Digital | Ryvyl Inc. | 2026-05-12 | $0k | 0.0x | 0.0x |
| Cineplex Digital Media | Creative Realities | 2025-11-07 | $43m | 0.0x | 0.0x |
| Symbiosys | Doordash | 2025-06-11 | $175m | 0.0x | 0.0x |
| AppLovin’s Games Portfolio | Tripledot Studios | 2025-05-08 | $800m | 0.0x | 0.0x |
| Rahula Digital Media (HK) Limited | ZW Data Action Technologies Inc. | 2025-03-07 | $0k | 0.0x | 0.0x |
| Lion Gaming | Adventure Box Technology | 2025-02-19 | $55m | 0.0x | 0.0x |
| RWB Smart Solutions | Adventure Box Technology | 2025-02-18 | $18m | 0.0x | 0.0x |
| Hupu | Xunlei | 2025-01-27 | $78m | 0.0x | 0.0x |
| Plarium | MTG | 2024-11-11 | $620m | 4.5x | 1.0x |
| SuperPlay | Playtika | 2024-09-18 | $700m | 0.0x | 0.0x |
| 9 Story Media Group | Scholastic | 2024-03-12 | $186m | 0.0x | 0.0x |
| Complex Networks | NTWRK | 2024-02-21 | $109m | 0.0x | 0.0x |
| Curiocity | ZoomerMedia Ltd. | 2024-02-20 | $5m | 0.0x | 0.0x |
| Multiplayer Group | Keywords Studios | 2023-12-18 | $118m | 0.0x | 0.0x |
| SuprNation | Double Down Interactive LLC | 2023-10-31 | $37m | 0.0x | 0.0x |
| La Poche Bleue | Playmaker | 2023-08-09 | $7m | 0.0x | 0.0x |
| Youda Games | Playtika | 2023-08-01 | $92m | 0.0x | 0.0x |
| Playmaker HQ | Better Collective A/S | 2023-07-03 | $54m | 0.0x | 0.0x |
| GIPHY | Shutterstock | 2023-05-23 | $53m | 0.0x | 0.0x |
| Rovio | SEGA | 2023-04-17 | $796m | 0.0x | 2.2x |
| DrupalWare | WordSphere | 2023-01-24 | $7m | 0.0x | 0.0x |
| Wedge Traffic | Playmaker | 2022-10-18 | $31m | 10.1x | 5.7x |
| HomeVisit | Urbanimmersive | 2022-10-11 | $7m | 0.0x | 0.9x |
| Toomics | Terrapin | 2022-07-19 | $160m | 0.0x | 0.0x |
| World Soccer Talk | Playmaker | 2022-07-05 | $1m | 0.0x | 0.0x |
| Intrepid | Ascential | 2022-06-30 | $250m | 0.0x | 0.0x |
| LeoVegas | MGM Resorts | 2022-05-02 | $607m | 12.6x | 1.5x |
| D&D Beyond | Hasbro | 2022-04-13 | $146m | 0.0x | 0.0x |
| iSoftBet | International Game Technology | 2022-04-11 | $180m | 20.0x | 5.3x |
| BRN Group | Simply Better Brands | 2022-04-01 | $10m | 0.0x | 0.0x |
| Pala Interactive | Boyd Gaming | 2022-03-28 | $170m | 0.0x | 0.0x |
| MobyGames | Atari | 2022-03-09 | $2m | 0.0x | 0.0x |
| 1091 Pictures | Chicken Soup | 2022-03-02 | $16m | 0.0x | 0.0x |
| Alictus | SciPlay | 2022-03-01 | $100m | 0.0x | 0.0x |
| TVSquared | Innovid | 2022-02-07 | $160m | 0.0x | 0.0x |
| Futmarketing | Playmaker | 2022-01-05 | $4m | 0.0x | 0.0x |
| RotoWire | Gambling.com Group | 2021-12-13 | $28m | 0.0x | 0.0x |
| Maximum Games | Maximum Entertainment | 2021-11-29 | $42m | 0.0x | 0.0x |
| Molotov | fuboTV | 2021-11-09 | $185m | 0.0x | 0.0x |
| SuperPoker | Playmaker | 2021-11-04 | $4m | 0.0x | 0.0x |
| WOW! | Kartoon Studios | 2021-10-27 | $53m | 10.4x | 0.9x |
| Dream Centerfold Digital | Playboy | 2021-10-18 | $30m | 0.0x | 0.0x |
| ResetEra | MOBA Network | 2021-10-14 | $5m | 0.0x | 0.0x |
| Toutabo | Readly International | 2021-10-06 | $9m | 0.0x | 0.0x |
| Mamboo | My.Games | 2021-09-20 | $2m | 0.0x | 0.0x |
| Ludia | Jam City | 2021-09-08 | $165m | 0.0x | 0.0x |
| Addicting Games | Enthusiast Gaming | 2021-09-07 | $34m | 0.0x | 0.0x |
| Two-Up Digital | Playmaker | 2021-09-01 | $6m | 0.0x | 0.0x |
| The Hill | Nexstar Media Group | 2021-08-20 | $130m | 0.0x | 0.0x |
| StarLark | Zynga | 2021-08-05 | $525m | 0.0x | 0.0x |
| Yardbarker | Playmaker | 2021-07-27 | $24m | 0.0x | 0.0x |
| PlaySimple | MTG | 2021-07-02 | $360m | 0.0x | 0.0x |
| Nordeus | Take-Two Interactive Software | 2021-06-02 | $378m | 0.0x | 0.0x |
| Spin Games | Bragg | 2021-05-12 | $35m | 0.0x | 0.0x |
| Xcite | Versus Systems | 2021-05-12 | $19m | 0.0x | 0.0x |
| Lightstream | Creative Solutions | 2021-04-12 | $36m | 0.0x | 0.0x |
| TheRX.com | Overdrive Marketing | 2021-04-09 | $2m | 0.0x | 0.0x |
| Investor’s Business Daily | News Corp | 2021-03-25 | $275m | 0.0x | 0.0x |
| Ninja Kiwi | MTG | 2021-03-24 | $144m | 7.2x | 3.6x |
| Expekt.com | LeoVegas | 2021-03-15 | $6m | 0.0x | 0.0x |
| TIDAL | Block | 2021-03-04 | $297m | 0.0x | 0.0x |
| RentPath | Redfin | 2021-02-19 | $608m | 0.0x | 0.0x |
| Napster | Napster | 2021-01-05 | $71m | 0.0x | 0.0x |
| Charlotte Agenda | Axios Media | 2020-12-17 | $5m | 0.0x | 0.0x |
| Motion Array | Artlist | 2020-12-15 | $65m | 0.0x | 0.0x |
| Hutch Games Ltd. | MTG | 2020-12-08 | $275m | 19.6x | 4.9x |
| Morning Brew | Business Insider | 2020-10-29 | $74m | 0.0x | 3.7x |
| Deuscraftdev | Mail.ru Group | 2020-10-08 | $49m | 0.0x | 0.0x |
| Pipeworks Studios | Sumo Group | 2020-09-30 | $100m | 0.0x | 0.0x |
| Playdots | Take-Two Interactive Software | 2020-08-18 | $192m | 0.0x | 0.0x |
| Stitcher | Sirius XM Holdings | 2020-07-13 | $325m | 0.0x | 4.5x |
| Deck13 Interactive GmbH | PulluP Entertainment | 2020-06-25 | $8m | 0.0x | 0.0x |
| GIPHY | 2020-05-15 | $400m | 0.0x | 0.0x | |
| Jagex | Macarthur Fortune Holding (PE) | 2020-05-01 | $530m | 0.0x | 0.0x |
| NextVR Inc. | Apple | 2020-04-06 | $100m | 0.0x | 0.0x |
| Tubi | Fox | 2020-03-17 | $440m | 0.0x | 0.0x |
| XUMO | Comcast | 2020-02-25 | $100m | 0.0x | 0.0x |
| Barstool Sports | PENN Entertainment | 2020-02-20 | $500m | 0.0x | 0.0x |
| Changyou.com Ltd. | Sohu.com | 2020-01-24 | $579m | 4.9x | 1.2x |
| PlayGiga S.L. | 2019-12-18 | $79m | 0.0x | 0.0x | |
| Stride Gaming | Rank Group | 2019-10-04 | $177m | 0.0x | 0.0x |
| Refinery29 | Vice Media | 2019-10-02 | $400m | 0.0x | 0.0x |
| Cheddar Media | Altice | 2019-04-30 | $200m | 0.0x | 0.0x |
| Gimlet Media Inc. | Spotify | 2019-02-06 | $200m | 0.0x | 0.0x |
| Sunny Side Up Creative | Keywords Studios | 2018-12-21 | $4m | 5.9x | 0.0x |
| Small Giant Games Oy | Zynga | 2018-12-20 | $560m | 0.0x | 0.0x |
| Ribacka Group AB | Better Collective A/S | 2018-12-17 | $34m | 6.0x | 5.0x |
| Mr Green | William Hill Plc | 2018-10-31 | $334m | 0.0x | 0.0x |
| The TrailerFarm | Keywords Studios | 2018-09-18 | $3m | 0.0x | 2.0x |
| HowStuffWorks | iHeartMedia | 2018-09-13 | $55m | 0.0x | 0.0x |
| Pixowl | Animoca Brands Corp. Ltd. | 2018-08-27 | $5m | 0.0x | 2.7x |
| Studio Gobo Ltd. | Keywords Studios | 2018-08-20 | $40m | 0.0x | 0.0x |
| Bola Webinformation GmbH | Better Collective A/S | 2018-06-29 | $41m | 5.2x | 4.0x |
| Gameiom Technologies Ltd. | American Gaming Systems (AGS LLC) | 2018-06-19 | $5m | 0.0x | 0.0x |
| Raptive | ZMC (PE) | 2018-05-31 | $250m | 0.0x | 0.0x |
| Gram Games Ltd. | Zynga | 2018-05-30 | $250m | 0.0x | 0.0x |
| Voodoo | Goldman Sachs Merchant Banking (PE) | 2018-05-28 | $200m | 0.0x | 0.0x |
| Impression X | P2Earn | 2018-05-17 | $6m | 0.0x | 0.0x |
| Cyanide | Bigben Interactive | 2018-05-14 | $23m | 0.0x | 0.0x |
| AdCel | engage:BDR LLC | 2018-05-03 | $5m | 0.0x | 0.0x |
| NeuLion | Endeavor | 2018-03-26 | $250m | 0.0x | 0.0x |
| Pipeworks Studios | Northern Pacific Group (PE) | 2018-02-23 | $20m | 0.0x | 1.6x |
| WebDAM | Bynder | 2018-02-16 | $49m | 0.0x | 0.0x |
| Ebiquity Plc - AdIntel Unit | Nielsen | 2018-02-13 | $40m | 0.0x | 0.0x |
| Good Game Ltd. - Key Online Assets | XLMedia | 2018-01-15 | $17m | 0.0x | 7.5x |
| Totalconnect | Link Mobility | 2017-12-21 | $3m | 0.0x | 1.2x |
| Evoke Gaming Ltd. | Mr Green | 2017-12-18 | $8m | 0.0x | 0.4x |
| Horisen AG - Horisen Messaging | Link Mobility | 2017-12-13 | $10m | 0.0x | 0.0x |
| Sperasoft | Keywords Studios | 2017-12-13 | $27m | 0.0x | 0.0x |
| Goodgame Studios | Stillfront Group | 2017-12-07 | $304m | 0.0x | 0.0x |
| Baybets Ltd. | Catena Media | 2017-12-04 | $30m | 0.0x | 0.0x |
| Experiment 101 AB | Embracer | 2017-11-17 | $9m | 0.0x | 0.0x |
| Animoca Brands Corp. Ltd. - 318 Casual Mobile Game | iCandy Interactive | 2017-11-15 | $2m | 0.0x | 0.0x |
| Respawn Entertainment | Electronic Arts | 2017-11-09 | $445m | 0.0x | 0.0x |
| NYX Gaming Group Ltd. | Light & Wonder | 2017-09-20 | $589m | 0.0x | 0.0x |
| Elvis Communications Ltd. | Next 15 Group | 2017-09-15 | $8m | 5.5x | 1.1x |
| ForRent | CoStar | 2017-09-12 | $350m | 0.0x | 0.0x |
| YuMe | RhythmOne plc | 2017-09-04 | $185m | 16.8x | 1.2x |
| Moneyblogs LLC (Money Under 30) | XLMedia | 2017-08-14 | $7m | 0.0x | 0.0x |
| Plarium | Aristocrat | 2017-08-10 | $500m | 0.0x | 0.0x |
| Eden Games SAS | Millennial Esports Corp. | 2017-08-08 | $8m | 0.0x | 0.0x |
| Tremor Video | Tremor International | 2017-08-07 | $50m | 0.0x | 0.0x |
| Rocket Fuel | Sizmek | 2017-07-18 | $145m | 0.0x | 0.0x |
| The Experience Engine | accesso | 2017-07-12 | $80m | 0.0x | 0.0x |
| Velocity Partners Ltd. | Next 15 Group | 2017-07-11 | $9m | 0.0x | 1.2x |
| Bettingpro.com | Catena Media | 2017-07-04 | $21m | 0.0x | 0.0x |
| ComVision Sp. z o.o | Link Mobility | 2017-06-28 | $18m | 0.0x | 0.0x |
| RadiumOne | RhythmOne plc | 2017-06-27 | $22m | 0.0x | 0.2x |
| RadiumOne | Undisclosed | 2017-06-26 | $22m | 0.0x | 0.0x |
| Kongregate | MTG | 2017-06-20 | $55m | 0.0x | 0.0x |
| Calkins Media | Gannett | 2017-06-19 | $18m | 0.0x | 0.0x |
| Enterspace AB | Starbreeze | 2017-06-12 | $2m | 0.0x | 0.0x |
| GameSim | Keywords Studios | 2017-05-17 | $5m | 0.0x | 1.2x |
| Online Media UK Ltd. | Catena Media | 2017-05-04 | $18m | 0.0x | 0.0x |
| Spov Ltd. | Keywords Studios | 2017-02-17 | $2m | 0.0x | 0.0x |
| Slotsia.com | Catena Media | 2017-02-10 | $4m | 0.0x | 0.0x |
| Eyecon Ltd. | Playtech | 2017-02-07 | $77m | 0.0x | 0.0x |
| Scout.com | CBS Interactive | 2017-02-01 | $10m | 0.0x | 0.0x |
| Didimo | Link Mobility | 2017-01-12 | $8m | 7.3x | 0.8x |
| Enzyme Testing Labs | Keywords Studios | 2016-11-17 | $4m | 5.4x | 0.5x |
| Player Research Ltd. | Keywords Studios | 2016-10-26 | $2m | 0.0x | 0.0x |
| The Wirecutter | The New York Times | 2016-10-24 | $30m | 0.0x | 0.0x |
| Everyday Health | Ziff Davis | 2016-10-21 | $465m | 21.1x | 1.9x |
| Art Of Click Pte Ltd. | Xurpas | 2016-10-06 | $45m | 0.0x | 0.0x |
| SBAT Ltd. | Catena Media | 2016-10-04 | $4m | 0.0x | 0.0x |
| Pixonic LLC | Mail.ru Group | 2016-10-03 | $30m | 0.0x | 0.0x |
| Linus AS | Link Mobility | 2016-09-30 | $8m | 8.3x | 1.2x |
| PMC Investments Ltd. (Pinnacle) | Next 15 Group | 2016-09-27 | $7m | 0.0x | 2.2x |
| mydiveo | engage:BDR LLC | 2016-08-29 | $7m | 0.0x | 0.0x |
| Gawker Media | Univision | 2016-08-16 | $135m | 0.0x | 0.0x |
The 150 most recent of 184 recorded transactions in this sector. n/d means not disclosed. Most transactions close without a published multiple, which is why the disclosed count matters more than the median.
See all 184 Digital Media transactions
Who owns Media & Communications companies
On PEStore, Digital Media sits within Media & Communications. PEStore profiles the private equity firms and serial acquirers active there: what they own, how long they have held it, and every deal on record. Underlined acquirers above link to their profiles.
Media & Communications investors and acquirers on PEStoreMultiples across every sector
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