# DigitalOcean acquires Paperspace: acquisition

Canonical ID: `5c382c81-f056-48ec-b2dc-750624096bb6`

DigitalOcean acquired Paperspace for $111M in cash, subject to customary purchase-price adjustments, per its Jul 6 2023 Form 8-K.

- **Structure:** full acquisition
- **Status:** completed
- **Valuation:** $111.0M
- **Verification posture:** verified

## Parties

- **Acquirer:** [DigitalOcean](https://registry.deploy.report/companies/digitalocean.md)
- **Acquired:** [Paperspace](https://registry.deploy.report/companies/paperspace.md)

## Timeline

- **Announced:** 2023-07-06
- **Closed:** 2023-07-06

## Sources (2)

1. https://investors.digitalocean.com/news/news-details/2023/DigitalOcean-Acquires-Paperspace-to-Expand-AI-Offerings/default.aspx · 2023-07-06
2. https://www.sec.gov/Archives/edgar/data/1582961/000158296123000023/docn-20230706.htm · 2023-07-06


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