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New Deal


Announced

Completed

Reddit completed the acquisition of MeaningCloud.

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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Friendly

Software

Private

Domestic

Single Bidder

United States

software as a service

Acquisition

Majority

Completed

Synopsis

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Reddit, a social news aggregation, completed the acquisition of MeaningCloud, a software as a service product. Financial terms were not disclosed. “MeaningCloud helps strengthen Reddit’s platform by helping our community get the relevant information they are looking for even faster. With the addition of MeaningClound’s technology, we can continue our mission of providing simpler, richer, and more relevant content to our users. We are thrilled to welcome the talented MeaningCloud team to Reddit," Jack Hanlon, Reddit Vice President.

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