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M&A Deal Summary

Cheetah Mobile Acquires News Republic

On August 2, 2016, Cheetah Mobile acquired internet software and services company News Republic for 57M USD

Acquisition Highlights
  • This is Cheetah Mobile’s 1st transaction in the Internet Software and Services sector.
  • This is Cheetah Mobile’s 2nd largest (disclosed) transaction.
  • This is Cheetah Mobile’s 2nd transaction in France.

M&A Deal Summary
Date 2016-08-02
Target News Republic
Sector Internet Software and Services
Buyer(s) Cheetah Mobile
Deal Type Add-on Acquisition
Deal Value 57M USD

Target

News Republic

Bordeaux, France
News Republic is a mobile based news application that allows users to view news stories, photographs and videos. News Republic was formed in 2008 and is based in Bordeaux, France.

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Buyer(S) 1

Buyer

Cheetah Mobile

Beijing, China
Category Company
Founded 2009
Sector Software
Employees934
Revenue 807M CNY (2024)
DESCRIPTION

Cheetah Mobile is a mobile Internet company that provides mission-critical applications. Cheetah Mobile was founded in 2009 and is headquartered in Beijing, China.

DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: France M&A 2 of 2
Year: 2016 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-16 MobPartner SA

Paris, France

MobPartner SA is a mobile marketing company. It offers mobile marketers sophisticated advertising and monetization solutions.

Buy $58M
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