RNTS Media Acquires Heyzap for $45,000,000

  • Feed Type
  • Date
    12/23/2015
  • Company Name
    Heyzap
  • Mailing Address
    251 Kearny St. San Francisco, CA 94142 USA
  • Company Description
    Heyzap allows any website or blog to take the most exciting flash games and put them into their website. This results in the website/blog having increased traffic, user time of site and engagement. When youtube got video out everywhere over the internet, it changed the entire experience of the internet. We believe at heyzap that we will get engaging games content.
  • Website
    http://www.heyzap.com
  • Transaction Type
    M&A
  • Transaction Amount
    $45,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    RNTS is buying Heyzap for an initial cash consideration of $20 million. Potential earn-out payments in cash and shares of up to $25 million upon achievement of certain ambitious targets until 2017.