Shinez.io Overview
Shinez.io is a storytelling platform that distributes entertaining and engaging stories across social media and the open web. The company provides content creators with a robust set of monetization and content distribution technologies. Shinez.io helps content creators understand who is engaging with their content and find similar readers across the web. In addition, the company's influencer marketing platform provides opportunities for influencers of all sizes to engage with great brands and content.
Latest News
Growth-Positive
Team Internet Group PLC Announces Completion of Acquisition of Shinez I.O. Ltd
Team Internet Group plc has completed its acquisition of Shinez I.O Ltd for an enterprise value of USD 43.2 million. The deal includes an initial consideration of USD 38.9 million and USD 4.3 million retained in escrow. An additional USD 12.3 million may become due if Shinez meets financial targets over the next two years. Shinez reported USD 111 million in gross revenue, USD 16.2 million in net revenue, and USD 10.4 million in Adjusted EBITDA for the year ending 31 December 2023. The acquisition is expected to significantly enhance Team Internets earnings per share.
Acquisition
growth-positive
Team Internet Group swoops for online advertising specialist in $41m deal
Team Internet Group PLC is acquiring online advertising specialist Shinez IO for an enterprise value of $41.8 million. The acquisition will diversify Team Internets portfolio by adding Shinezs expertise in creating and promoting engaging content across various platforms. The deal will be paid using cash resources and the companys credit facility, with an additional $12.3 million contingent on performance. Shinez, known for its forty popular portals and its story-telling platform, made gross revenues of $111 million and adjusted EBITDA of $10.4 million in the 12 months ended December 31.
Acquisition
| Sector | Business Software |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Acquired |
| Rounds | 0 |
| Investors | 0 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | shinez.io/ |
| Careers | Careers page |
Locations
Shlomo Ibn Gabirol St 30, Tel Aviv-Yafo, Israel
Levandovska St, Kyiv, Ukraine, 02000
379 W Broadway 2nd floor, New York, NY 10012, USA
3671 S Huron St, Englewood, CO 80110, USA
Photos & Videos
1 item(s)
