.
MergerLinks Header Logo

New Deal


Announced

Completed

General Atlantic completed the investment in Chess.com.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

online chess platforms

Private Equity

Acquisition

United States

online games

Private

Domestic

Completed

Single Bidder

Majority

Online and Social Platforms

Synopsis

Edit

General Atlantic, a global growth equity firm, completed the investment in Chess.com, an online chess platform. Financial terms were not disclosed. “Our mission is simple: help people enjoy chess. As a mission-driven, bootstrapped company that never raised venture funding, we knew we needed an experienced, savvy partner to help us in our next stage of growth. General Atlantic has a longstanding commitment to partnership in helping companies grow and thrive, and we are beyond excited to work with them to bring the joy of chess to millions more across the globe,” Erik Allebest, Chess.com Co-Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US