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New Deal


Announced

Completed

Yabb completed the acquisition of Fango.

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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Private

Friendly

United States

Majority

marketing platform

Acquisition

Completed

Single Bidder

Digital Services

Synopsis

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Yabb, a social networking and instant messaging company, completed the acquisition of Fango, an influencer marketing platform. Financial terms were not disclosed. "Yabb sets itself apart from other social networks as an ad-free platform. Gokhan Celiker and his team have built a vibrant influencer community and developed a cutting-edge platform. Gokhan is a true visionary and built Fango at a time when very few people understood the power of social influencers. This acquisition will give us a tremendous head start,” Kenneth Ting, Yabb CEO.

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