M&A Deal Summary

Facebook Acquires Midnight Labs

On October 16, 2017, Facebook acquired internet software and services company Midnight Labs

Acquisition Highlights
  • This is Facebook’s 37th transaction in the Internet Software and Services sector.
  • This is Facebook’s 51st transaction in the United States.
  • This is Facebook’s 1st transaction in Georgia.

M&A Deal Summary

Date 2017-10-16
Target Midnight Labs
Sector Internet Software and Services
Buyer(s) Facebook
Deal Type Add-on Acquisition

Target

Midnight Labs

Atlanta, Georgia, United States
Midnight Labs LLC (dba tbh) is a polling app targeted at teens. tbh allows users to create polls based set questions, including “who makes you laugh the hardest” and “who has the best smile.” tbh was established in 2017 and is based in Atlanta, Georgia.

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Buyer(S) 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 STATS #
Overall 67 of 88
Sector: Internet Software and Services M&A 37 of 42
Type: Add-on Acquisition M&A Deals 65 of 84
State: Georgia M&A 1 of 1
Country: United States M&A 51 of 65
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-11 fayteq AG

Erfurt, Germany

fayteq AG is a provider of off-line and real-time video modification and motion tracking solutions to integrate and remove objects in videos. fayteq AG was established in 2011 and is based in Erfurt, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 Confirm.io

Boston, Massachusetts, United States

Confirm.io is a mobile based identity authentication software that verifies government issued identification cards. Confirm.io was established in 2015 and is based in Boston, Massachusetts.

Buy -