M&A Deal Summary

LINE Acquires NextFloor

On July 10, 2017, LINE acquired digital media company NextFloor

Acquisition Highlights
  • This is LINE’s 1st transaction in the Digital Media sector.
  • This is LINE’s 1st transaction in South Korea.

M&A Deal Summary

Date 2017-07-10
Target NextFloor
Sector Digital Media
Buyer(s) LINE
Deal Type Add-on Acquisition

Target

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.

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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 4 of 7
Sector: Digital Media M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 6
Country: South Korea M&A 1 of 1
Year: 2017 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-03 Vinclu

Tokyo, Japan

Vinclu, Inc. is a designer, developer, and manufacturer of smartphone accessories including Gatebox, a “virtual home robot” that is claimed to deliver “virtual moments when characters merge into everyday life as usual and spend the same time relaxed.” Vinclu, Inc. was founded in 2014 and is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-14 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.

Buy -