Autodesk acquires No. 1 Facebook app Socialcam for $60M
Autodesk announced today that it signed a definitive agreement to acquire mobile video sharing app Socialcam for approximately $60 million. The transaction is expected to close by Oct. 31 this year and is subject to customary closing conditions.
Currently the largest Facebook-connected app with 54,700,000 monthly active users according to AppData, Socialcam allows users to create, edit and share videos. By integrating Open Graph, the app shares users’ activity to News Feed when they watch videos or take other actions within the mobile app, website or Facebook canvas app.
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