M&A Deal Summary

Facebook Acquires Pryte

On June 3, 2014, Facebook acquired software company Pryte

Acquisition Highlights
  • This is Facebook’s 19th transaction in the Software sector.
  • This is Facebook’s 2nd transaction in Finland.

M&A Deal Summary

Date 2014-06-03
Target Pryte
Sector Software
Buyer(s) Facebook
Deal Type Add-on Acquisition

Target

Pryte

Helsinki, Finland
Pryte brings Telco and App ecosystems together to enable app–like user experience for mobile data.It allow single-click buying of mobile data on a per-app basis.

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Buyer(S) 1

Buyer

Facebook

Menlo Park, California, United States

Category Company
Founded 2004
Sector Internet Software and Services
Employees74,067
Revenue 164.5B USD (2024)
DESCRIPTION
Entrance to Facebook's corporate headquarters in Menlo Park, California.
Entrance to Facebook's corporate headquarters in Menlo Park, California.

Facebook is a social utility company that helps people communicate more efficiently with their friends, family, and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California.


DEAL STATS #
Overall 50 of 88
Sector: Software M&A 19 of 24
Type: Add-on Acquisition M&A Deals 48 of 84
Country: Finland M&A 2 of 2
Year: 2014 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-24 ProtoGeo Oy

Helsinki, Finland

ProtoGeo Oy provides moves application software it automatically records walking, transportation, cycling, and running activities of a client.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 LiveRail

San Francisco, California, United States

LiveRail is a publisher monetization platform for videos. The Company was formed in 2007 and is based in San Francisco.

Buy $400M