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  5. Thoughtful Media Group Acquires Newave

M&A Deal Summary

Thoughtful Media Group Acquires Newave

On May 31, 2023, Thoughtful Media Group acquired marketing company Newave

Acquisition Highlights
  • This is Thoughtful Media Group’s 1st transaction in the Marketing sector.
  • This is Thoughtful Media Group’s 2nd transaction in Indonesia.

M&A Deal Summary
Date 2023-05-31
Target Newave
Sector Marketing
Buyer(s) Thoughtful Media Group
Deal Type Add-on Acquisition

Target

Newave

Jakarta, Indonesia
Newave is an advertising platform for nano and micro-influencers (KOLs with under 100,000 followers) in the Indonesian social media scene. The company has ridden the popularity of social media and social commerce in the Indonesian advertising market. Newave was formed in 2017 and is based in Pesanggrahan, Indonesia.

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Buyer(S) 1

Buyer

Thoughtful Media Group

Bangkok, Thailand
Category Company
Sector Digital Media
DESCRIPTION

Thoughtful Media Group is a social commerce-focused, premium digital video MPN with an operating presence in the US, Vietnam, and the Philippines. Thoughtful Media Group is based in Bangkok, Thailand.

DEAL STATS #
Overall 2 of 2
Sector: Marketing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Indonesia M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-28 More Media

Jakarta, Indonesia

More Media is a creative design and branding agency that provides branding, marketing, consultancy, design for the environment, digital and print, art direction, and copywriting services. More Media is based in Jakarta, Indonesia.

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