M&A Deal Summary

HPIL Acquires Crank Virtual

On May 18, 2021, HPIL acquired internet software and services company Crank Virtual from Crank Media

Acquisition Highlights
  • This is HPIL’s 1st transaction in the Internet Software and Services sector.
  • This is HPIL’s 1st transaction in Canada.
  • This is HPIL’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2021-05-18
Target Crank Virtual
Sector Internet Software and Services
Buyer(s) HPIL
Sellers(s) Crank Media
Deal Type Divestiture

Target

Crank Virtual

Vancouver, British Columbia, Canada
Crank Virtual provides cloud-based virtual solution for the financial world.

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Buyer(S) 1

Buyer

HPIL

Vancouver, British Columbia, Canada

Category Company
Founded 2009
Sector Diversified
DESCRIPTION

HPIL is a diversified company developing projects with cutting-edge technology. HPIL was founded in 2009 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 2
Country (Canada) 1 of 2
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 World Gaming Group

Vancouver, British Columbia, Canada

World Gaming Group engaged in blockchain projects and have developed GAMEZCASH and TUNEZCASH that are to be used as a new form of currency in the esports/gaming world and online music industry. World Gaming Group is based in Vancouver, British Columbia.

Buy -

Seller(S) 1

SELLER

Crank Media

Vancouver, British Columbia, Canada

Category Company
Founded 2013
Sector Media
DESCRIPTION

Crank Media is a global entertainment media company. Crank Media was founded in 2013 and is headquartered in Vancouver, British Columbia.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1