24 mar The Meet Group Announces Closing of Acquisition by eharmony Parent Company Parship Group

The Meet Group Announces Closing of Acquisition by eharmony Parent Company Parship Group

Combined business, ParshipMeet Group, Adds Industry-Leading Livestreaming Capabilities at the same time of Surging international need for movie Dating

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brand brand brand NEW HOPE, Pa.--( COMPANY WIRE )--The Meet Group, Inc., a provider that is leading of dating solutions, has established the conclusion of the previously established purchase by the moms and dad business of eharmony. Associated with the deal, a brand new moms and dad business, ParshipMeet Group, was made to control two subsidiaries: The Meet Group and Parship Group. ParshipMeet Group now has and runs The Meet Group’s dating apps MeetMe, LOVOO, Tagged, Skout, and GROWLr, along with Parship Group’s matchmaking brands eharmony, Parship, and ElitePartner, producing a diversified market that is international in online dating.

The combined business includes two leading dating companies with complementary skills and unique item offerings within their particular extremely appealing market portions while broadening their worldwide footprints. The Meet Group’s dating brands concentrate on community while bringing entertainment that is social dating, monetizing mainly through livestreaming movie. Parship Group’s brands that are international a market frontrunner within the matchmaking room, centered on serious relationships and appropriate connections, monetizing mostly through membership.

The all-cash transaction for $6.30 per completely diluted share represents an enterprise value of around $500 million.

“We are delighted to mix with a globally leading matchmaking business,” said Geoff Cook, ceo for the Meet Group.

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