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MeetMe to obtain Skout $28.5 million in cash and around 5.37 million common

MeetMe to obtain Skout $28.5 million in cash and around 5.37 million common

brand new HOPE, Pa.–( BUSINESSES WIRE )–MeetMe, Inc. (NASDAQ: MEET), a public markets leader for social finding, now launched it has got performed a conclusive arrangement to get Skout, a leading worldwide mobile system for meeting new people, for $28.5 million in cash and around 5.37 million usual offers of MeetMe, implying a business worth of $54.6 million based on MeetMes closing inventory cost on June 24, 2016. This acquisition encourages MeetMe and Skouts shared sight to produce the greatest international service for conference and communicating with new-people. The purchase is expected to supply higher level for monetization and improved earnings the combined providers.

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