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M&A Deal Summary

Kongregate Acquires Bit Heroes

On July 19, 2019, Kongregate acquired digital media company Bit Heroes from Juppiomenz

Acquisition Highlights
  • This is Kongregate’s 2nd transaction in the Digital Media sector.
  • This is Kongregate’s 2nd transaction in the United States.

M&A Deal Summary
Date 2019-07-19
Target Bit Heroes
Sector Digital Media
Buyer(s) Kongregate
Sellers(s) Juppiomenz
Deal Type Divestiture

Target

Bit Heroes

United States
Bit Heroes is a successful indie mobile and web role-playing game. Bit Heroes is RPG fun at your fingertips. Play interactively or automate your actions with the click of a button. Collect powerful equipment, gain the help of familiars, battle other players, and much more.

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Buyer(S) 1

Buyer

Kongregate

San Francisco, California, United States
Category Company
Founded 2006
Sector Digital Media
DESCRIPTION

Kongregate, Inc. is a browser based game site with over 10 million monthly unique visitors who spend more than 23 million hours playing per month. The site features a community and social platform including achievements, profiles, chat, messaging, forums, and levels, which unifies over 30,000 games into a cohesive and addicting experience. Kongregate shares revenue from advertising and virtual goods directly with over 8,500 developers who have uploaded games to the site. Kongregate, Inc. was established in 2006 and is headquartered in San Francisco, California.

DEAL STATS #
Overall 2 of 2
Sector: Digital Media M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Synapse Games

Chicago, United States

Synapse Games, Inc. is a quickly rising, Chicago-based social-gaming company dedicated to creating innovative, addictive games. Company specialize in Sci-fi/Fantasy themed, asynchronous role-playing MMOs. Synapse Games' mobile titles have received over 18.5 million downloads, and their web and mobile games combined have nearly 1 billion total gameplays. Synapse currently has 2 cross-platform games in development, and their latest title, Castaway Cove, released in September.

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Seller(S) 1

SELLER

Juppiomenz

Nevada, United States
Category Company
Founded 2016
Sector Digital Media
DESCRIPTION

Juppiomenz is a small company run by three experienced game devs. Juppiomenz specializes in games that are fun and immersive. Juppiomenz strives to make fun and immersive games for mobile and web. The owners/developers are Mokilok (Programmer), Seanfac3 (Artist), and Leesha (Manager).

DEAL STATS #
Overall 1 of 1
Sector: Digital Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
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