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New Deal


Announced

General Atlantic-backed ProSieben to acquire The Meet Group for c. $500m.

Financials

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Transaction Value£390m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.4x
EV/EBITDA12.8x
Share Price Premium43%
One Off Charge-

Tags

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Public

Internet

internet media

Majority

Acquisition

Pending

social entertainment

United States

Private Equity

Online and Social Platforms

Single Bidder

Friendly

Cross Border

Synopsis

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General Atlantic-backed ProSieben, a European mass media company, based in Germany, agreed to acquire The Meet Group, a provider of interactive live-streaming solutions, for c. $500m. “The acquisition of The Meet Group is one of ProSiebenSat.1’s largest transactions. It will significantly advance our ambition to create one of the leading global players in online dating and interactive live video. We believe the combination of these two successful and complementary businesses will also create synergies within the ProSiebenSat.1 universe and accelerate the growth of our market share in the German live video apps sector,” Max Conze, ProSiebenSat.1 CEO.

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