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New Deal


Announced

Completed

Facebook acquired GrokStyle.

Financials

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Transaction Value-
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Capital Owned-
Capital Bid For100%
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EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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software development

Private

United States

Software

Completed

Acquisition

Synopsis

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Facebook acquired GrokStyle, a San Francisco startup that uses artificial intelligence technology to help users shop for furniture. Financial terms were not disclosed. "We are excited to welcome GrokStyle to Facebook," Facebook spokeswoman Vanessa Chan said in a statement. "Their team and technology will contribute to our AI capabilities."

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