Escape Media Group, Inc.
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Escape Media Group, Inc. does business as Grooveshark is a privately-held online music search engine and music streaming company based in Gainesville, Florida. The company was founded in 2006 by three University of Florida students as selling used CD's among the different users, but then it was abandoned in favor of online music streaming community. Grooveshark provides classical, rock, indie, rap, pop and electronica music with the facility of favorite, popular and music uploading services to the users. The company doesn't provide the music downloading facility but has option of downloading tracks from Amazon MP3 or the iTunes Stores. Grooveshark works as a website as well as downloadable application called Sharkbyte. The website provides browsing music from others' computer, listen full tracks and buying the songs while application built with java, gives music lists, playing options and folder options.
Keywords
Keywords
Classified
Private