DateStatusStake AcquiredDeal PriceDeal TypesCurrencies Used
May 2012Completed100%$3,800,000Acquisition, Acq-HireCash, Other / Unknown
TargetBuyerSellers
San Francisco, CaliforniaUnited States
Stake Acquired: 100 %
Deal Amount
Deal Price$3,800,000
Enterprise Value (EV)$3,800,000
Financials for Target: Wild NeedleTransaction MultiplesTransaction Multiples w/ Max. Contingency
Total Assets N/AEV / A    EV / A    
Stockholder's Equity N/AEV / SE    EV / SE    
Revenues N/AEV / R    EV / R    
Net Income (Loss) N/AEV / E    EV / E    
Cash Flow N/AEV / CF    EV / CF    
EBITDA N/AEV / EBITDA    EV / EBITDA    
Operating Income (Loss) N/AEV / OI    EV / OI    
Business Description for Target: Wild Needle

Wild Needle is an online gaming company that operates as a subsidiary of Zynga (Nasdaq:ZNGA). Wild Needle is headquartered in Mountain View, California. As of May 14, 2012, Wild Needle was acquired by Zynga (Nasdaq:ZNGA) for a rumored $3.8 million.

Business Description for Seller: Shasta Ventures

Shasta Ventures is a Menlo Park, California-based venture capital firm. Founded in 2004, Shasta Ventures considers seed and early stage investments.

Business Description for Seller: Felicis Ventures LLC

Felicis Ventures LLC is a San Francisco, California-based venture capital firm. Founded in 2005, Felicis Ventures LLC considers seed and early stage investments. The firm was started by Aydin Senkut, a Turkey born ex-Googler, who added principals Sundeep Peechu and Renata Quintini in 2010. Felicis Ventures looks for "iconic companies" primarily operating in e-commerce, education, enterprise, and health. As of June 2008, the firm had 80 investments over its life and 28 exits, including sales to Microsoft and Facebook.