M&A Deal Summary

Sea Acquires Phoenix Labs

On January 28, 2020, Sea acquired digital media company Phoenix Labs

Acquisition Highlights
  • This is Sea’s 1st transaction in the Digital Media sector.
  • This is Sea’s 1st transaction in Canada.
  • This is Sea’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2020-01-28
Target Phoenix Labs
Sector Digital Media
Buyer(s) Sea
Deal Type Add-on Acquisition

Target

Phoenix Labs

Vancouver, British Columbia, Canada
Phoenix Labs, Inc. is a game company, that aspires to create new AAA gaming experiences that their community will share for years to come. Phoenix Labs was established in 2014 and is based in Vancouver, British Of Columbia.

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Buyer(S) 1

Buyer

Sea

Singapore, Singapore
Category Company
Founded 2009
Sector Information Technology
Employees62,700
Revenue 13.1B USD (2023)
DESCRIPTION

Sea is a global consumer internet company. Sea operate three core businesses across digital entertainment, e-commerce, and digital financial services, known as Garena, Shopee, and SeaMoney, respectively. Garena is a global online games developer and publisher. Shopee is the largest pan-regional e-commerce platform in Southeast Asia and Taiwan. SeaMoney is one of the fastest-growing digital financial services platforms in Southeast Asia. Sea was founded in 2009 and is based in Singapore.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
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