Acquiring Company
Rumble
Acquired Company
Locals
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.
M&A Insights
Based on deal dataIntegration 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