M&A Deal Summary

ByteDance Acquires Oladance

On May 21, 2024, ByteDance acquired electronics company Oladance for 50M USD

Acquisition Highlights
  • This is ByteDance’s 1st transaction in the Electronics sector.
  • This is ByteDance’s 2nd largest (disclosed) transaction.
  • This is ByteDance’s 2nd transaction in China.

M&A Deal Summary
Date 2024-05-21
Target Oladance
Sector Electronics
Buyer(s) ByteDance
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Oladance

China
Oladance is an earphone manufacturer designed to keep users aware of their surroundings during activities like running and workouts.

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Buyer(S) 1

Buyer

ByteDance

Beijing, China
Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

ByteDance is a Chinese Internet technology company operating several machine learning-enabled content platforms. ByteDance was founded in 2012 and is based in Bejing, China.

DEAL STATS #
Overall 3 of 3
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (China) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 Amcare Healthcare

Beijing, China

Amcare Healthcare is a private hospital group in China that focuses on providing premium obstetrics, gynecology (“OB/GYN”) and pediatrics service to mid- and high-end self-pay clients. Amcare Healthcare is based in Beijing, China.

Buy $1.5B
Mergr

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