BeReal is acquired by Voodoo Games for 500 million euros.
The once-popular social media app struggled to grow and had limited runway left.
Co-founder and CEO Alexis Barreyat will leave BeReal after a transition period.
Voodoo, a French gaming company, said it valued BeReal at 500 million euros.
Business Insider first reported that BeReal was looking to be acquired.
Persons:
BeReal, Alexis Barreyat, —
Organizations:
Voodoo Games, Service, Business
Locations:
French