Coatue completed a $300m investment in Niantic.

Financials

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Transaction Value£223m

Consideration TypeCash

Capital Owned-

Capital Bid For3%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

NIANTIC

bidder

Coatue Management

Sources

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Press Release

Niantic - 22 Nov 2021

Tags

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Online and Social Platforms

Acquisition

Private

Friendly

Private Equity

online entertainment services

Venture Capital

software developer

Single Bidder

Minority

Completed

Domestic

United States

Synopsis

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Coatue, a global investment manager, completed a $300m investment in Niantic, a developer of an augmented reality platform. The funding will help expand the ARDK, which has already been used by companies like Coachella, Historic Royal Palaces, Universal Pictures, SoftBank, Warner Music Group and the PGA of America to create augmented reality experiences.