Add-on Acquisition • Internet Software and Services

Cheetah Mobile Acquires News Republic

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

Acquisition Context

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.

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M&A Deal Summary
Date	August 2, 2016
Target	News Republic
Sector	Internet Software and Services
Buyer(s)	Cheetah Mobile
Deal Type	Add-on Acquisition
Deal Value	57M USD

Target Company

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 Overview 1

Buyer

Cheetah Mobile

Beijing, China

Category	Company
Founded	2009
Sector	Software
Employees	934
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 Context for Buyer	#
Overall	3 of 3
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	3 of 3
Country: France	2 of 2
Year: 2016	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

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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Internet Software and Services M&A - Add-on Acquisition M&A Deals - France M&A - 2016 M&A