Investment Summary

DreamWorks Animation SKG Exits Spaces

On January 1, 2016, invested in software company Spaces from DreamWorks Animation SKG

Investment Highlights
  • This is transaction in the Software sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • Spaces was sold to a strategic buyer in 2020.

Investment Summary

Date 2016-01-01
Target Spaces
Sector Software
Sellers(s) DreamWorks Animation SKG
Deal Type Spin Off

Target

Spaces

Burbank, California, United States
Spaces, Inc. is an independent virtual-and mixed-reality company provides video conferencing solutions like Zoom, allowing Zoom users to take part in meetings with an animated avatar.Spaces was founded in 2016 and is based in Burbank, California.

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Seller(S) 1

SELLER

DreamWorks Animation SKG

Glendale, California, United States

Category Company
Founded 1994
Sector Media
Employees2,300
Revenue 916M USD (2015)
DESCRIPTION

DreamWorks Animation SKG, Inc. is a producer of family entertainment through the use of computer-generated (CG) animation. DreamWorks Animation SKG, Inc. was formed in 1994 and is based in Glendale, California.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Spin Off M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 Ptch

United States

Ptch is a software mobile app for photo and video editing. The Ptch app enables users to remix their videos with effects and music and offers the original clips to others in order to remix them further.

Sell -