Go to Skout for more information and you may hook on the Fb
Given that research shows one profiles off societal discovery software commonly play with more than one at the same time, and you may given MeetMe and Skout express less than 5% overlap among their month-to-month productive representative feet, we think there’s a clear get across-advertisements work for between programs. The newest geographic combine is also complementary: when you find yourself Skout’s largest country, such as for example MeetMe’s, is the You, Skout is more than 80% in the world and you can skews significantly more into the Asia, in which MeetMe enjoys usually had absolutely nothing presence.
David Clark, Chief Financial Administrator off MeetMe, extra, “I assume the purchase to shut inside the Oct with the seasons and to become accretive in order to earnings and also to build a lot more free earnings for MeetMe in the first one-year after the closing and you will beyond. Throughout the years, we feel you to using extra synergies off combining our very own technology platforms, enhancing our monetization motor, cross-creating to each associate ft, and you can accelerating MeetMe’s around the world monetization, we could create additional value using this purchase.”
Canaccord Genuity is actually serving once the monetary advisor and Morgan, Lewis & Bockius LLP are helping as legal services in order to MeetMe.
MeetMe President John C. Abbott announced his resignation, productive instantly, to a target his company interests inside Mexico and you may Brazil.