M&A Deal Summary

Telenor Acquires 701Search Pte

On May 12, 2017, Telenor acquired internet software and services company 701Search Pte from SPH for 109M USD

Acquisition Highlights
  • This is Telenor’s 2nd transaction in the Internet Software and Services sector.
  • This is Telenor’s 3rd largest (disclosed) transaction.
  • This is Telenor’s 1st transaction in Singapore.

M&A Deal Summary
Date 2017-05-12
Target 701Search Pte
Sector Internet Software and Services
Buyer(s) Telenor
Sellers(s) SPH
Deal Type Divestiture
Deal Value 109M USD

Target

701Search Pte

Singapore, Singapore
701Search Group operates an online classifieds business specialising in building and growing online marketplaces in Malaysia, Vietnam and Myanmar.

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Buyer(S) 1

Buyer

Telenor

Fornebu, Norway
Category Company
Founded 1855
Sector Communications
Employees11,000
Revenue 80.5B NOK (2023)
DESCRIPTION

Telenor is a Norwegian multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations in Scandinavia, Eastern Europe and Asia. Telenor was founded in 1855 and is based in Fornebu, Norway.

DEAL STATS #
Overall 10 of 12
Sector (Internet Software and Services) 2 of 3
Type (Divestiture) 1 of 1
Country (Singapore) 1 of 1
Year (2017) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 Amedia AS

Oslo, Norway

Amedia AS is a media company providing regional newspaper with online newspapers and printing presses, local TV channels and local radio channels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 Working Group Two

Oslo, Norway

Working Group Two is a provider of mobile telecom services better and more relevant for end users. We do this by deploying Internet tools and technologies on top of traditional mobile telco infrastructure. Working Group Two was founded in 2017 and is based in Oslo, Norway.

Buy -

Seller(S) 1

SELLER

SPH

Singapore, Singapore
Category Company
Founded 1984
Sector Publishing
Employees3,540
Revenue 866M SGD (2020)
DESCRIPTION

SPH operates media organisation, engaging minds and enriching lives across multiple languages and platforms. SPH was founded in 1984 and is based in Singapore.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Singapore) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Orange Valley Nursing Homes

Singapore, Singapore

Orange Valley Nursing Homes is a provider of quality nursing care in Singapore. Orange Valley Nursing Homes was founded in 1993 and is based in Singapore.

Buy -
Mergr

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