brand new WISH, Pa.–( BUSINESSES LINE )–MeetMe, Inc. (NASDAQ: SATISFY), a community industry frontrunner for social development, today established it offers executed a conclusive contract to acquire Skout, a leading worldwide mobile community for satisfying new people, for $28.5 million in money and around 5.37 million common stocks of MeetMe, implying an enterprise property value $54.6 million considering MeetMe’s shutting inventory rates on Summer 24, 2016. This purchase encourages MeetMe and Skout’s shared plans to create the largest worldwide solution for appointment and communicating with new-people. The purchase is expected to convey greater scale for monetization and improved success for your combined providers.
Skout is actually a respected mobile software for encounter new-people with:
Key highlights from the envisioned scale in the latest connected company incorporate:
- Smartphone MAU of 8.5 million, a growth of 69per cent from MeetMe’s 5.0 million in-may 2016;
- Smartphone each day active consumers (DAU) of 2.1 million, an increase of 73per cent from MeetMe’s 1.24 million in-may 2016;
- Chats sent a day of 57.2 million, a growth of 96% from MeetMe’s 29.2 million medium in Summer 2016;
- Cellphone new users per day of 107,000, a growth of 65percent from MeetMe’s 65,000 a day average in 2016.
Monetary results of acquisition:
- Anticipated to create substantially enhanced scale in individual base and revenue, and exhibit stronger running control. Continue reading