.
MergerLinks Header Logo

Announced

IDN Media acquires GGWP.ID.

Financials

Edit Data
Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

digital and media company

Friendly

Indonesia

gaming industry

Acquisition

Pending

Gaming

Private

Single Bidder

Synopsis

Edit

IDN Media, a multi-platform media company for “millennials and Gen Z in Indonesia”, acquires GGWP.ID to mark its entry into the fast-growing e-sports industry. Financial terms were not disclosed. As per the deal, Founder Ricky Setiawan will continue to be the CEO of GGWP.ID. “We believe that the e-sports phenomenon has just begun. With GGWP.ID, we envision to create the biggest and most impactful e-sports company in the region for Millennials and Gen Z.” Winston Utomo, IDN Media Founder & CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US