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Announced

MediaLab to acquire Kik messenger from Kik Interactive.

Financials

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

Tags

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Canada

Single Bidder

Acquisition

messaging mobile app

Majority

Digital Services

Private

Friendly

Pending

Synopsis

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MediaLab, a holding company that owns internet brands like Whisper, Datpiff and others, is set to acquire Kik messenger, a freeware instant messaging mobile app, from Kik Interactive. Financial terms were not disclosed. "Nine years ago Kik went live. Since then hundreds of millions of people have had billions of meaningful conversations. I am excited that our amazing users will continue to have a great home, and that Kik will continue to grow and evolve as a pillar of the Kin Ecosystem." Ted Livingston, Kik Founder.

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