M&A Deal Summary

World Poker Acquires KPOP 1004 s Online and e-Commerce Assets

On January 24, 2023, World Poker acquired e-commerce company KPOP 1004 s Online and e-Commerce Assets from KPOP1004

Acquisition Highlights
  • This is World Poker’s 1st transaction in the E-Commerce sector.
  • This is World Poker’s 3rd transaction in the United States.
  • This is World Poker’s 1st transaction in California.

M&A Deal Summary

Date 2023-01-24
Target KPOP 1004 s Online and e-Commerce Assets
Sector E-Commerce
Buyer(s) World Poker
Sellers(s) KPOP1004
Deal Type Divestiture

Target

KPOP 1004 s Online and e-Commerce Assets

Ontario, California, United States
KPOP 1004's Online and e-Commerce Assets provide official KPOP products, as well as custom-designed merchandise online.

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Buyer(S) 1

Buyer

World Poker

Los Angeles, California, United States

Category Company
Sector Gaming
Revenue 7M USD (2010)
DESCRIPTION

World Poker manages in the development of poker sponsorship tournaments to identify and train new poker players for poker competitions, to develop and produce poker entertainment reality TV shows, and to advise and assist in the development of online and interactive gaming and casino development under the Indian Gaming Regulatory Act of 1988.


DEAL STATS #
Overall 5 of 7
Sector (E-Commerce) 1 of 1
Type (Divestiture) 3 of 3
State (California) 1 of 2
Country (United States) 3 of 5
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 Penny Lane Casino

Davao City, Philippines

Penny Lane Casino provides 1100 square meters of gaming space with 8 gaming tables and 200 gaming machines. Penny Lane Casino is based in Davao City, Philippines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-30 Vezbi

Pasadena, California, United States

Vezbi is a community-driven Super App designed to organize and consolidate all facets of life in one centralized application. Vezbi is based in Pasadena, California.

Buy -

Seller(S) 1

SELLER

KPOP1004

Ontario, California, United States

Category Company
Sector Consumer Products
DESCRIPTION

KPOP 1004 is dedicated to bringing Korean Pop (KPOP) Culture to fans all over the world by providing official KPOP products, as well as custom-designed merchandise. KPOP 1004 is based in Ontario CA, Las Vegas NV, and Livermore CA.


DEAL STATS #
Overall 1 of 1
Sector (E-Commerce) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1