Add-on Acquisition • Internet Software and Services

Facebook Acquires Teehan+Lax

On January 16, 2015, Facebook acquired internet software and services company Teehan+Lax

Acquisition Context
  • This is Facebook’s 29th transaction in the Internet Software and Services sector.
  • This is Facebook’s 2nd transaction in Canada.
  • This is Facebook’s 1st transaction in Ontario.

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M&A Deal Summary

Date January 16, 2015
Target Teehan+Lax
Sector Internet Software and Services
Buyer(s) Facebook
Deal Type Add-on Acquisition

Target Company

Teehan+Lax

Toronto, Ontario, Canada
Teehan+Lax is a digital design studio. The Company was shut down in 2015 as part of its acquisition by Facebook in Jan 2015.
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Buyer Overview 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 Context for Buyer #
Overall 55 of 89
Sector: Internet Software and Services 29 of 42
Type: Add-on Acquisition 53 of 85
State: Ontario 1 of 1
Country: Canada 2 of 2
Year: 2015 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 QuickFire Networks

San Diego, California, United States

QuickFire Networks is a provider of video-compression technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-13 TheFind

Mountain View, California, United States

TheFind is a web-app that helps consumers search the entire shoppable web.

Buy -