MeetMe to obtain Skout $28.5 million in profit and around 5.37 million typical

MeetMe to obtain Skout $28.5 million in profit and around 5.37 million typical

unique WISH, Pa.–( COMPANIES CABLE )–MeetMe, Inc. (NASDAQ: SATISFY), a community markets leader for social knowledge, now established it’s got executed a conclusive agreement to obtain Skout, a number one international cellular system for fulfilling new people, for $28.5 million in earnings and approximately 5.37 million common part of MeetMe, implying a business property value $54.6 million according to MeetMe’s closing inventory rate on June 24, 2016. This acquisition promotes MeetMe and Skout’s shared sight generate the biggest global solution for appointment and communicating with new-people. The purchase is anticipated to convey higher level for monetization and enhanced profitability for the matched organization.

Skout was a respected cellular application for encounter new people with:

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