M&A Deal Summary

Wattpad Acquires Red Room Omnimedia

On July 8, 2014, Wattpad acquired internet software and services company Red Room Omnimedia

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

M&A Deal Summary

Date 2014-07-08
Target Red Room Omnimedia
Sector Internet Software and Services
Buyer(s) Wattpad
Deal Type Add-on Acquisition

Target

Red Room Omnimedia

San Francisco, California, United States
Red Room Omnimedia Corp. is an online community to access news, books, videos and events.

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Buyer(S) 1

Buyer

Wattpad

Toronto, Ontario, Canada

Category Company
Founded 2006
Sector Internet Software and Services
DESCRIPTION

Wattpad is a platform to read and share stories on the web and mobile devices. Wattpad’s flagship app is a social storytelling platform, home to a community of more than 90 million people who spend over 23 billion minutes a month engaged in original stories. Wattpad was founded in 2006 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1