- Acquisition Projected to b st The Meet GroupвЂ™s readers to significantly more than 15 Million Cellphone Monthly Active Users
- Likely to Diversify The Meet GroupвЂ™s Cellphone Revenue, A Lot More Than Doubling Overseas, Subscription, and In-App Buying Income
- Likely to be Accretive to earnings that are non-GAAP Share in 2018 and past
- Funded with current money and a growth regarding the CompanyвЂ™s Existing Debt Facility
brand new HOPE, Pa.вЂ“(BUSINESS WIRE)вЂ“ The Meet Group, Inc. (NASDAQ MEET), a general public market frontrunner into the mobile conference area, today announced it’s performed a definitive contract to obtain LOV , a social dating app, for $70 million in cash, inclusive of the $5 million contingent earn-out. This purchase furthers The Meet GroupвЂ™s technique to innovate, get, and build the greatest portfolio that is mobile of for fulfilling brand new individuals. The LOV acquisition is anticipated to grow The Meet GroupвЂ™s international f tprint, b st the companyвЂ™s scale and profitability, and diversify its business design with the addition of expertise in membership and purchasing that is in-app.