Speculation Mounts About Possible Wattpad Sale

Jan 08, 2021

Toronto's Globe and Mail newspaper reports that Canadian social writing and reading platform Wattpad has been soliciting offers to be acquired since the fall, and is seeking as much as half a billion dollars for the company.

The article states that the company was approached last autumn by a U.S. internet company about a sale and that Allen Lau, co-founder of Wattpad, has invited potential bidders.The unnamed source for the speculation said the company is in "active talks" with "multiple parties," and might close a deal as early as this month. 

In response to further queries from PW, Wattpad said, "We don't have any news to share."

X
Stay ahead with
Tip Sheet!
Free newsletter: the hottest new books, features and more
X
X
Email Address

Password

Log In Forgot Password

Premium online access is only available to PW subscribers. If you have an active subscription and need to set up or change your password, please click here.

New to PW? To set up immediate access, click here.

NOTE: If you had a previous PW subscription, click here to reactivate your immediate access. PW site license members have access to PW’s subscriber-only website content. If working at an office location and you are not "logged in", simply close and relaunch your preferred browser. For off-site access, click here. To find out more about PW’s site license subscription options, please email Mike Popalardo at: mike@nextstepsmarketing.com.

To subscribe: click here.