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WLDD In Talks To Acquire ScoopWhoop From Good Glamm Group

Summary by Inc42 Media

Marketing company Wubba Lubba Dub Dub (WLDD) is reportedly in talks to acquire digital media platform ScoopWhoop from cash-strapped The Good Glamm Group (GGG). “WLDD has given a term sheet, and currently, due diligence is being carried out,” Livemint quoted a source as saying. Another person privy to the development reportedly said that GGG is looking to sell ScoopWhoop for INR 18 Cr to INR 20 Cr even though the content-to-commerce unicorn acqu…

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OfficeChai

After Being Bought For ₹100 Crore In 2021, ScoopWhoop Sold To WLDD For Just ₹20 Crore

The digital media landscape is bleak the world over, and things seem to be no different in India. The Good Glamm Group has... The post After Being Bought For ₹100 Crore In 2021, ScoopWhoop Sold To WLDD For Just ₹20 Crore appeared first on OfficeChai.

12 hours ago

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www.bestmediaifo.com

Good Glamm Group in talks to sell ScoopWhoop

New Delhi: The Good Glamm Group is in talks to sell the content platform ScoopWhoop to Wubba Lubba Dub Dub, a meme marketing company, according to news reports. According to a LiveMint report, ScoopWhoop was acquired in 2021 for Rs 100 crore but will now be sold for Rs 18-20 crore. The acquisition was intended to bolster Good Glamm’s Good Media Co. division, which includes other platforms like POPxo, MissMalini, and BabyChakra, to drive traffic …

15 hours ago

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Social Samosa

WLDD to buy ScoopWhoop as The Good Glamm Group faces financial struggles

Marketing firm Wubba Lubba Dub Dub (WLDD) is reportedly in discussions to acquire digital media platform ScoopWhoop from The Good Glamm Group (TGGG). WLDD has issued a term sheet, and due diligence is currently under way. The deal is expected to be valued between Rs 18-20 crore, significantly lower than the Rs 100 crore GGG paid to acquire ScoopWhoop in October 2021. The talks come amid broader financial challenges for TGGG. The company has face…

20 hours ago

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Entrackr

WLDD in talks to acquire ScoopWhoop from The Good Glamm Group

Marketing company Wubba Lubba Dub Dub (WLDD) is in talks to acquire the digital media platform ScoopWhoop from The Good Glamm Group (GGG). Livemint, which first reported the development, stated that WLDD has issued a term sheet, and due diligence is currently in progress. The report also mentioned that The Good Glamm Group is planning to sell ScoopWhoop for Rs 18-20 crore. It’s worth noting that ScoopWhoop was acquired by The Good Glamm Group in…

20 hours ago

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