Leonard Chess has announced the purchase of Chess memes.
The deal is reportedly worth more than $100 million.
The news comes just a day after Chess Memes posted that Leonards 3rd place in the 2015 world championship was the highest ranking Chess meme in history.
Chess Memers 3rd spot at the 2015 World Chess Championship.
Leonarded Chess CEO Jonathan Cohen says the move is “just the beginning.”
Cohen also shared a few other details about the acquisition.
“Chess memes are the hottest trend on Twitter right now, and we’re excited to be a part of it,” Cohen said in a statement.
“We’ve been using Chess memes for years, and today’s deal will give us a platform to showcase and monetize the power of our unique brand.
We’ll also continue to work with talented developers to bring even more chess memes to the world.”
Cohen says Chess Meme will continue to focus on the top-rated Chess memes on Twitter.
The Chess Memesters 3rd Place at the World Chess Championships.
Leone Chess has been building its Chess empire since 2006.
Its CEO also noted that the Chess Memedes team has been working on Chess memes since the early 2000s.
“Since 2006, we’ve been building our Chess empire and today we’re proud to announce our acquisition of Chess Memests, the largest Chess meme community on the web,” Leone CEO Jonathan R. Cohen said.
“The acquisition of the Chess meme empire will allow us to continue our focus on creating the best and most entertaining content, while continuing to build the most entertaining, engaging and engaging communities.”
Leone, which was founded in 2006, has more than 6,000 subscribers on Twitter and over 2 million followers on Instagram.
Cohen, who joined Leone in 2005, is also the CEO of Twitter’s social product, which is part of the Twitter platform’s “App of the Future.”
Leones social product includes Twitter and other services, including a new ad network called “LoneStar,” which Leone is working on.
Leones CEO also shared the following message in regards to the acquisition: “I’m excited to have found the perfect partners to help me bring chess memes back to the forefront of the Internet.
This acquisition will give me the opportunity to continue to create the best Chess memes and to share the joy of chess with millions of people around the world.
I’m looking forward to bringing these wonderful memes to you in the near future.”
Leoni’s first game of the tournament, Leonardo Chess vs. Magnus Carlsen, was on Tuesday.
He was able to win the game 3-0.
Leoni Chess, a chess meme and social media company, is headquartered in San Francisco.
Leons 3rd ranking at the 2014 World Chess Champions.