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German dating application LOVOO is acquired for USD 70 million because of The Meet Group
Frankfurt, 21 September 2017. The Meet Group (NASDAQ: MEET, hereinafter named “TMG”), located in brand brand brand brand New Hope, Pennsylvania, United States Of America, acquires 100% of LOVOO GmbH (hereinafter known as “LOVOO”) for the consideration that is total of 70 million, inclusive of the USD 5 million contingent earn-out. The deal is anticipated to shut in October 2017.
Geoff Cook, CEO of TMG, stated, “We have become excited to grow our footprint that is global and LOVOO to your profile of apps. (more…)