M&A Deal Summary

Block Acquires HIFI

On October 12, 2023, Block acquired media company HIFI

Acquisition Highlights
  • This is Block’s 1st transaction in the Media sector.
  • This is Block’s 15th transaction in the United States.
  • This is Block’s 3rd transaction in New York.

M&A Deal Summary
Date 2023-10-12
Target HIFI
Sector Media
Buyer(s) Block
Deal Type Add-on Acquisition

Target

HIFI

Brooklyn, New York, United States
HIFI is a music-focused firm. HIFI was founded in 2020 and is based in Brooklyn, New York.

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Buyer(S) 1

Buyer

Block

San Francisco, California, United States
Category Company
Founded 2009
Sector Financial Services
Employees12,400
Revenue 21.9B USD (2023)
DESCRIPTION

Block is a financial services and mobile payments company that provides a range of services to help businesses manage their payments, including hardware and software solutions for point-of-sale transactions, online payments, and invoicing. The Company's flagship product is the Square Reader, a small device that attaches to smartphones or tablets to enable credit and debit card payments. Block was formed in 2009 and is based in San Francisco, California.

DEAL STATS #
Overall 17 of 17
Sector (Media) 1 of 1
Type (Add-on Acquisition) 16 of 16
State (New York) 3 of 3
Country (United States) 15 of 15
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 GoParrot

New York, New York, United States

GoParrot is an all-in-one digital ordering and marketing platform for restaurants. GoParrot was founded in 2017 and is based in New York.

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