Announced
Financials
Tags
Public
Internet
internet media
Majority
Acquisition
Pending
social entertainment
United States
Private Equity
Online and Social Platforms
Single Bidder
Friendly
Cross Border
Synopsis
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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