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.

Verified 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