MeetMe to Acquire Skout $28.5 million in profit and more or less 5.37 million common

MeetMe to Acquire Skout $28.5 million in profit and more or less 5.37 million common

brand new HOPE, Pa.–( COMPANY WIRE )–MeetMe, Inc. (NASDAQ: MEET), a public market frontrunner for personal knowledge, now announced it has got performed a conclusive agreement to obtain Skout, a number one worldwide cellular system for encounter new-people, for $28.5 million in cash and approximately 5.37 million common stocks of MeetMe, implying an enterprise property value $54.6 million centered on MeetMe’s closing stock price on June 24, 2016. This purchase encourages MeetMe and Skout’s shared sight generate the biggest worldwide solution for fulfilling and communicating with new people. The purchase is expected to present better size for monetization and increasing success your combined providers.

Skout is actually a respected mobile program for fulfilling new people with:

Essential highlights for the envisioned level with the latest combined company add:

  • Mobile MAU of 8.5 million, a rise of 69percent from MeetMe’s 5.0 million in May 2016;
  • Mobile phone every day energetic customers (DAU) of 2.1 million, a rise of 73% Lincoln dating sites from MeetMe’s 1.24 million in-may 2016;
  • Chats delivered daily of 57.2 million, a growth of 96% from MeetMe’s 29.2 million typical in June 2016;
  • Portable new users everyday of 107,000, a growth of 65percent from MeetMe’s 65,000 everyday average in 2016.

Investment effects of exchange:

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Weiterlesen MeetMe to Acquire Skout $28.5 million in profit and more or less 5.37 million common