Webedia acquires Jeuxvideo.com, the French leading gaming website, in a €90m transaction.
Clipperton Finance acted as buy-side advisor to Webedia
Paris – June, 5th 2014 – Clipperton Finance is pleased to announce that it has acted as financial advisor to French leading digital content publisher Webedia, in their acquisition of Jeuxvideo.com, the gaming-focused website occupying the #1 position in France and #3 globally, from French digital advertising and payment group HiMedia. Webedia acquired 100% of Jeuxvideo.com’s share capital for €90m.
Founded in 2007 by Cédric Siré and Guillaume Multrier, Webedia has managed to build large scale digital audiences through a portfolio of 12+ premium vertical sites associated with the lifestyle and entertainment universe. Since being acquired in May 2013 by Fimalac, Marc Ladreit de Lacharrière’s holding company, Webedia has expanded aggressively in various digital verticals via the acquisition of leading digital media companies Allociné (movies), 750g (cooking) and Overblog (blogging).
Acquired by HiMedia from Gameloft in 2006, Jeuxvideo.com rapidlybecame one of the largest worldwide online destinations focused on video game news, commentary and video content with around 6 million monthly unique visitors in 2013 and a team of 40 employees.
This transaction will enable Webedia to become a major player in premium online content for gamers, thus reinforcing its position at the forefront of the digital media sector, with an increased reach on the youth/teens audience, and over 21 million monthly unique visitors in France and 50 million globally.
It comes as another key milestone in the long-term relationship between Webedia and Clipperton Finance, after its acquisition by Fimalac in 2013 and the majority stake in Diwanee in March 2014. Founded in 2009, Diwanee addresses one of the largest online female audiences across the Middle East, through its portfolio of premium sites (Yasmina.com, 3a2ilati.com, AtyabTabkha.com, and ecommerce site Mooda.com) around fashion, lifestyle and family verticals. This majority transaction enables Webediato reinforce its position as a global leader in premium digital content and to accelerate its international development.
For more information, please contact:
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About Clipperton Finance
Clipperton Finance is a European corporate finance boutique exclusively dedicated to the HighTech and Media industries. Clipperton Finance advises high growth companies on financial transactions, fundraisings, capital increases and Mergers & Acquisitions. With a team based in offices spanning London, Paris and Berlin, and an international reach, Clipperton Finance is a European leader in the sector. The team has successfully structured more than a hundred high level international transactions in the European High Tech sector. For more information, visit www.clipperton.net