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  5. LINE Acquires DGM59 Co.

M&A Deal Summary

LINE Acquires DGM59 Co.

On July 14, 2017, LINE acquired internet software and services company DGM59 Co.

Acquisition Highlights
  • This is LINE’s 3rd transaction in the Internet Software and Services sector.
  • This is LINE’s 1st transaction in Thailand.

M&A Deal Summary
Date 2017-07-14
Target DGM59 Co.
Sector Internet Software and Services
Buyer(s) LINE
Deal Type Add-on Acquisition

Target

DGM59 Co.

Bangkok, Thailand
DGM is a product company that innovates new ways to connect and interact between brands and customers. Company are a team of dreamers, coders, engineers and designers with a greatly diverse set of skills, working together to bring new standards to the industry.

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Buyer(S) 1

Buyer

LINE

Tokyo, Japan
Category Company
Founded 2000
Sector Internet Software and Services
Employees3,085
Revenue 227.5B JPY (2019)
DESCRIPTION

LINE is a communication application that offers instant messages, voice calls, and video calls on smartphones. LINE was founded in 2000 and is based in Tokyo, Japan.

DEAL STATS #
Overall 5 of 7
Sector: Internet Software and Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 4 of 6
Country: Thailand M&A 1 of 1
Year: 2017 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 NextFloor

Seoul, South Korea

NextFloor Corp. is a designer and developer of social games for mobile devices. NextFloor Corp. was established in 2012 and is headquartered in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-23 TemanJalan

Depok, Indonesia

TemanJalan is a chatbot based carpooling platform. TemanJalan was established in 2015 and is based in Depok, Indonesia.

Buy -
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