M&A Deal Summary

Snap Acquires Saturn

On June 20, 2025, Snap acquired internet software and services company Saturn

Acquisition Highlights
  • This is Snap’s 11th transaction in the Internet Software and Services sector.
  • This is Snap’s 10th transaction in the United States.
  • This is Snap’s 1st transaction in New York.

M&A Deal Summary

Date 2025-06-20
Target Saturn
Sector Internet Software and Services
Buyer(s) Snap
Deal Type Add-on Acquisition

Target

Saturn

Manhattan, New York, United States
Saturn builds a community starting in high schools, and helps tens of thousands of users each day at hundreds of schools manage their time and stay better connected with friends. Saturn was formed in 2018 and is based in Manhattan, New York.

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Buyer(S) 1

Buyer

Snap

Santa Monica, California, United States

Category Company
Founded 2010
Sector Internet Software and Services
Employees5,061
Revenue 5.4B USD (2024)
DESCRIPTION
Snapchat's corporate headquarters in Venice, California.
Snapchat's corporate headquarters in Venice, California.

Snap is the developer of Snapchat, a camera application that was created to help people communicate through short videos and images. The Company calls each of those short videos or images a Snap. Snapchat opens directly into the Camera, making it easy to create a Snap and send it to friends. Snaps are deleted by default, so there is a lot less pressure to look pretty or perfect when creating and sending images on Snapchat. Snap offer lots of creative tools like lenses, geofilters, and bitmojis that allow its community to express themselves through Snaps. Lenses are interactive animations that are overlaid on a person’s face or the world around them. Geofilters are artistic filters that can be applied after a Snap is taken at pre-defined times and locations. Bitmojis are cartoon likenesses of a user that are created in the Bitmoji application. Snap was formed in 2010 and is based in Santa Monica, California.


DEAL STATS #
Overall 19 of 19
Sector: Internet Software and Services M&A 11 of 11
Type: Add-on Acquisition M&A Deals 19 of 19
State: New York M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-23 NextMind

Paris, France

NextMind uses electroencephalogram (EEG) technology to detect brain signals. Machine learning algorithms then translate those signals into digital commands. The company previously developed a non-invasive brain-computer interface technology to enable hands-free interaction with electronic devices, including computers and AR/VR headsets. NextMind was formed in 2017 and is based in Paris.

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