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New Deal


Announced

Third Summit to acquire Blis.

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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Pending

Acquisition

freelancer platform

United States

Friendly

Private

Majority

Digital Services

Single Bidder

Synopsis

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Third Summit, which assembles a collective of agile companies that offer full-stack, enterprise-level digital media and advertising solutions to the mid-tier marketplace, agreed to acquire Blis, a digital platform where companies can find and hire freelance content creators. Financial terms were not disclosed. “Fundamentally, our companies’ business models and philosophies are very much aligned. Talking with the founders of Blis, we agreed that the future of work means empowering gig workers to thrive in a world where too many solutions feel like ad hoc afterthoughts. We want to help create jobs and reduce the stress for everyone working in the creative industry, which still relies on many analog processes today,” Matt Cimaglia, Third Summit Co-Founder and CEO.

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