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Rumble Acquires Locals To Help Build A Bigger Creator Economy

Oct 26, 2021over 3 years ago

Acquiring Company

Rumble

Acquired Company

Locals

TorontoSoftware

Description

Today, the video platform Rumble announced that it has acquired Locals Technology, Inc. Locals' revolutionary platform has quickly made it the premier subscription-based service for multimedia content and community. Buying Locals furthers Rumble's mission of giving creators unprecedented autonomy over their work while providing audiences with quality content. Rumble is already one of the most respected independent and privately-owned companies in the online video-sharing platform industry. Acquiring Locals is part of Rumble's broader effort to build a creator economy that fosters creative independence.

Company Information

Company

Rumble

Location

Toronto, Ontario, Canada

About

Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble’s mission is to restore the internet to its roots by making it free and open once again.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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