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

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.