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New Deal


Announced

JetSynthesys completed the investment in Fanory.

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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Single Bidder

social media

content monetization

Majority

Private

United States

Completed

Online and Social Platforms

Acquisition

Cross Border

Friendly

Synopsis

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JetSynthesys, a new-age digital entertainment and technology company, completed the investment in Fanory, a start-up that helps creators monetize better than what is possible on social media platforms. Financial terms were not disclosed. "Last year has seen high growth for us at JetSynthesys, and we are happy to begin 2023 with this transaction. We are looking forward to expanding our horizons in the digital entertainment space. The social media creators market has grown exponentially, and we see this continuing for the foreseeable future. Fanory's model is beneficial for creators. It compensates them for their hard work and creativity," Rajan Navani, JetSynthesys Founder and CEO.

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