M&A Deal Summary

Grom Social Enterprises Acquires Arctic7

On March 7, 2024, Grom Social Enterprises acquired gaming company Arctic7

Acquisition Highlights
  • This is Grom Social Enterprises’ 1st transaction in the Gaming sector.
  • This is Grom Social Enterprises’ 3rd transaction in the United States.
  • This is Grom Social Enterprises’ 1st transaction in Texas.

M&A Deal Summary
Date 2024-03-07
Target Arctic7
Sector Gaming
Buyer(s) Grom Social Enterprises
Deal Type Add-on Acquisition

Target

Arctic7

Austin, Texas, United States
website
Arctic7 is a gaming company that offers full game development, co-development, transmedia, and virtual production capabilities. Arctic7 is based in Austin, Texas.

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Buyer(S) 1

Buyer

Grom Social Enterprises

Boca Raton, Florida, United States

website

Category Company
Founded 2011
Sector Digital Media
DESCRIPTION

Grom Social Enterprises, Inc. is a safe social media platform for children worldwide. Grom Social Enterprises, Inc. was established in 2011 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 4 of 4
Sector (Gaming) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Curiosity Ink Media

Toluca Lake, California, United States

Curiosity Ink Media is a global media company that develops, acquires, builds, grows, and maximizes the short, mid & long-term commercial potential of Kids & Family entertainment properties and associated business opportunities. The company's multi-faceted I.P. library is designed to amass ongoing value through strategic stewardship, partnerships, and highly targeted market entry. Curiosity Ink Media was formed in 2018 and is based in Toluca Lake, California.

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