Jul 15th 2019
Vungle Enters Agreement To Be Acquired By The Blackstone Group
It is with great pride — and in anticipation of the next growth wave — that we announce an agreement to be acquired by private equity funds managed by Blackstone (BX), one of the world’s leading investment firms with $512 billion in assets under management.
Partnering with Blackstone marks an incredible milestone of our continuing journey. Founded in 2011, we have continued to grow profitably at an exponential rate. We are trusted by publishers of more than 60,000 mobile apps worldwide, including top brands such as Rovio, Zynga, Pandora, Scopely and Microsoft. We serve more than 4 billion video views per month over one billion unique devices, and are consistently ranked #1 for cross-platform user retention by industry mobile performance indexes. We have grown into a truly global company with headquarters located in San Francisco and a footprint that spans the globe including London, Berlin, Beijing, Tokyo, Singapore and Seoul.
As a team, we worked tirelessly together to develop our brand, vision and mission. We are powered by creativity and driven by performance.
So what happens next? Vungle will continue to operate as an independent company. The current management team remains invested and at the helm. We will continue to drive the realization of our vision as the trusted guide for growth and engagement.
The transaction is expected to close later in 2019, as it is subject to customary closing conditions.