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Announced

Completed

Mozilla completed the acquisition of Fakespot.

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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online data authentication platform

Domestic

AI software

Single Bidder

Private

United States

Majority

Friendly

Completed

Software

Acquisition

Synopsis

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Mozilla, a provider of internet solutions that offers firefox, thunderbird, and raindrop, completed the acquisition of Fakespot, a developer of an online data authentication platform designed to prevent fake and misleading content from deceiving consumers. Financial terms were not disclosed. "I couldn’t be more thrilled to have Saoud and the Fakespot team onboard. Mozilla is planning to increase the investment in Fakespot, and I’m excited about the work we’ll do together with Saoud and the team to enhance the ecommerce experience for millions of people. This is just the beginning. We’ll be introducing Fakespot functionality to Firefox over time, and would love to hear your thoughts once it’s launched," Steve Teixeira, Mozilla Chief Product Officer.

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