M&A Deal Summary

Sony Acquires Gracenote

On April 22, 2008, Sony acquired information technology company Gracenote from Windspeed Ventures and Simon Equity Partners for 260M USD

Acquisition Highlights
  • This is Sony’s 1st transaction in the Information Technology sector.
  • This is Sony’s 4th largest (disclosed) transaction.
  • This is Sony’s 3rd transaction in the United States.
  • This is Sony’s 2nd transaction in California.
Investment Fate
  • Gracenote was divested to a consortium of strategic buyers in 2013 for 170M USD.
  • Gracenote was divested to a consortium of strategic buyers in 2016 for 560M USD.

M&A Deal Summary

Date 2008-04-22
Target Gracenote
Sector Information Technology
Buyer(s) Sony
Sellers(s) Windspeed Ventures
Simon Equity Partners
Deal Type Add-on Acquisition
Deal Value 260M USD

Target

Gracenote

Emeryville, California, United States
website
Gracenote, Inc. is a provider of embedded technology, enriched content, and data services for digital entertainment solutions within the Internet, consumer electronics, mobile, and automotive markets.

Search 192,349 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Sony

Tokyo, Japan

website


Category Company
Founded 1946
Sector Electronics
Employees108,900
Revenue 11,539.8B JPY (2023)
DESCRIPTION
Entrance to Sony's corporate headquarters in Tokyo, Japan.
Entrance to Sony's corporate headquarters in Tokyo, Japan.

Sony is a global company operating in the fields of electronics, entertainment, and technology. The Company operates across various business segments, including electronics, gaming, music, movies, and financial services, offering a diverse range of high-quality products and services to customers worldwide. Sony was founded in 1946 and is based in Tokyo, Japan.


DEAL STATS #
Overall 5 of 13
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 8
State (California) 2 of 3
Country (United States) 3 of 6
Year (2008) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-19 Konica Minolta PI

Japan

Konica Minolta PI develops, designs, and produces digital SLR cameras compatible with Konica Minolta PI's Maxxum/Dynax lens mount system.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-06 Hawk-Eye Innovations

Basingstoke, United Kingdom

Hawk-Eye Innovations Ltd, one of the world's best known and most credible sports technology providers.

Buy -

Seller(S) 2

SELLER

Windspeed Ventures

Concord, Massachusetts, United States

Investor Investor Investor

website


Category Venture Capital Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Windspeed Ventures is a private investment firm focused on early stage growth capital investments in newly formed high technology businesses. The Firm targets opportunities high technology, communications, security, media, and internet services. Prospective companies are generally just beginning to see revenue. Windspeed prefers businesses located in the Northeast US, but on occasion will consider investing in companies located elsewhere. Windspeed Ventures was formed in 1999 and is based in Lexington, Massachusetts.


DEAL STATS #
Overall 7 of 9
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 5 of 6
State (California) 4 of 5
Country (United States) 6 of 8
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-25 Zipit

Greenville, South Carolina, United States

Zipit develops and licenses device software and operates network services for communications, consumer electronics, and enterprise technology companies that want to enable, connect, and manage wireless devices. Zipit was founded in 2007 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-27 The Active Network

San Diego, California, United States

The Active Network, Inc. is a provider of cloud-based activity and participant management solutions serving a wide range of customer groups including business solutions, community activities, the public sector and outdoors and sports. The Active Network provides applications that form an online network connecting a fragmented and diverse group of activity and event organizers with a large base of potential participants. The Company's technology platform helps organizers manage their activities and events by automating online registrations and streamlining other critical management functions. The Active Network, Inc. was formed in 1998 and is based in San Diego, California.

Sell -
SELLER

Simon Equity Partners

Larkspur, California, United States

Investor Investor

website


Category Growth Capital Firm
Founded 2006
Size Small
Type Sector Focused
DESCRIPTION

Simon Equity Partners LLC is a private equity firm focused on making growth capital investments in the consumer sector. The Firm looks to invest in profitable, growth-oriented companies with high-margin/differentiated products. Simon seeks investments of $2 to $10 million in businesses generating $5 to $20 million in sales. Specific areas of interest includes apparel, food and beverages, health and wellness, home care, hospitality, beauty & personal care, specialty retail, sustainability, restaurants, and food services. Simon Equity Partners LLC is the investment arm of Simon Property Group, the publicly traded real estate firm. Simon Equity Partners LLC is based in San Francisco, California.


DEAL STATS #
Overall 2 of 10
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (California) 1 of 7
Country (United States) 2 of 10
Year (2008) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 ChaCha

Carmel, Indiana, United States

ChaCha is a search engine that can instantly connect users to a live person to assist with searches. ChaCha offers free mobile answers service, allows users to call 1-800-2ChaCha™ or text questions to ChaCha (242242™) on mobile phones and receive answers within minutes. ChaCha was founded in 2006 and is based in Carmel, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-29 Yes To

Pasadena, California, United States

Yes To is an operator of a natural personal care company that products were developed in the Dead Sea region of Israel. Yes To was founded in 2006 and is based in Pasadena, California.

Buy -