Epidemic Sound acquisition of Soundly (2024)
deal·acquisition·closed
Epidemic Sound acquired 100% of Soundly AS for a total purchase price of SEK63.48m, paid in cash and newly issued shares.
Recorded facts
| Official site | https://corporate.epidemicsound.com/files/Main/21928/4132587/epidemic-sound-annual-report-2024.pdf ↗ |
|---|---|
| Geography | Sweden and Norway |
| target | name: Soundly AS · research key: org_soundly |
| acquirer | name: Epidemic Sound · research key: org_epidemic_sound |
| deal type | acquisition |
| closing date | 2024-01-23 |
| source class | filing |
| consideration | net cash flow: value: 30409000 · currency: SEK · qualifier: exact · disclosure state: disclosed · transaction costs: value: 985000 · currency: SEK · qualifier: exact · disclosure state: disclosed · cash consideration: value: 36294000 · currency: SEK · qualifier: exact · disclosure state: disclosed · new b shares issued: 28242358 · share consideration: value: 27186000 · currency: SEK · qualifier: exact · disclosure state: disclosed |
| source classes | filing |
| announcement date | unknown |
| transaction state | closed |
| transaction value | value: 63480000 · currency: SEK · qualifier: exact · disclosure state: disclosed |
| strategic rationale | Expand Epidemic Sound's sound-effects catalogue and provide a broader audio solution for professional creators and businesses. |
| conflicting reported amounts | value: 27000000 · currency: SEK · qualifier: secondary_report · disclosure state: secondary_reported |
Current
| acquirer in (by) | Epidemic Sound 2024-01-23 — nowSource 1 ↗ VERIFIED high confidence |
|---|---|
| acquired target | Soundly AS 2024-01-23 — nowSource 1 ↗ VERIFIED high confidence |
Sources & changes
Checked 10d ago · highhow verification works
Field-level evidence
Public change history
- Status unknown → closed
- Official URL unknown → corporate.epidemicsound.com/files/Main/21928/4132587/epidemic-sound-annual-report-2024.pdf
- Record maintenance · 12 fields updated
Is this yours? Claim this record →·See something wrong? Report a correction →