M&A Deal Summary

V99 Acquires Telenav

On October 2, 2020, V99 acquired internet software and services company Telenav

Acquisition Highlights
  • This is V99’s 1st transaction in the Internet Software and Services sector.
  • This is V99’s 1st transaction in the United States.
  • This is V99’s 1st transaction in California.

M&A Deal Summary

Date 2020-10-02
Target Telenav
Sector Internet Software and Services
Buyer(s) V99
Deal Type Merger
Advisor(s) B. Riley Financial (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Telenav

Santa Clara, California, United States
Telenav is a provider of location-based products and services for connected cars and advertising. Telenav utilizes its connected car platform and its advertising platform to deliver its products and services. Telenav's connected car platform allows it to deliver enhanced location-based navigation services to automobile manufacturers and tier-one suppliers, or tier ones. Telenav was founded in 1999 and is based in Santa Clara, California.

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Buyer(S) 1

Buyer

V99

Santa Clara, California, United States

Category Company
Sector Business Services
DESCRIPTION

V99 is a Delaware corporation led by HP Jin, Co-Founder, President, and Chief Executive Officer of Telenav. V99 is based in Santa Clara, California.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1