The Meet Group Announces Closing of Acquisition by eharmony Parent Company Parship Group

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The Meet Group Announces Closing of Acquisition by eharmony Parent Company Parship Group

Combined business, ParshipMeet Group, Adds Industry-Leading Livestreaming Capabilities at the same time of Surging international need for movie Dating

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brand brand brand NEW HOPE, Pa.–( COMPANY WIRE )–The Meet Group, Inc., a provider that is leading of dating solutions, has established the conclusion of the previously established purchase by the moms and dad business of eharmony. Associated with the deal, a brand new moms and dad business, ParshipMeet Group, was made to control two subsidiaries: The Meet Group and Parship Group. ParshipMeet Group now has and runs The Meet Group??™s dating apps MeetMe, LOVOO, Tagged, Skout, and GROWLr, along with Parship Group??™s matchmaking brands eharmony, Parship, and ElitePartner, producing a diversified market that is international in online dating.

The combined business includes two leading dating companies with complementary skills and unique item offerings within their particular extremely appealing market portions while broadening their worldwide footprints. The Meet Group??™s dating brands concentrate on community while bringing entertainment that is social dating, monetizing mainly through livestreaming movie. Parship Group??™s brands that are international a market frontrunner within the matchmaking room, centered on serious relationships and appropriate connections, monetizing mostly through membership.

The all-cash transaction for $6.30 per completely diluted share represents an enterprise value of around $500 million.

???We are delighted to mix with a globally leading matchmaking business,??? said Geoff Cook, ceo for the Meet Group. ???We think this deal may help determine the ongoing future of dating. We’re going to continue steadily to concentrate on the exact same three pillars which may have added to the success: building the dating features that are best in the whole world for the involved community, buying livestreaming content and innovation, and discovering sensible possibilities to expand and develop ??“ both naturally and through strategic relationships, including our video-platform-as-a-service providing,??? Cook stated.

The Meet Group is just one of the biggest providers of livestreaming dating games in the entire world. Over 195,000 dating games are played every day over the Meet Group??™s apps, a rise of 104% considering that the statement of an international pandemic in March. The total time spent on the Company??™s livestreaming dating platform increased by 38% to 37.9 million minutes a day, with each participating member spending nearly 30 minutes a day on average either streaming or viewing during the same period.

???The Meet Group??™s livestreaming video clip platform is unique and well placed for a post-pandemic globe where movie becomes a crucial element of finding and assessment very first dates,??? said Tim Schiffers, CEO of ParshipMeet Group. ???By combining The Meet Group??™s assets with Parship Group??™s talents, we??™ve created a worldwide relationship frontrunner and another of the very most diversified portfolios of dating brands in the field. We have now combine large freemium dating services monetizing via video clip, in-app-purchases, and marketing with leading matchmaking brands on earth, monetizing via registration. We come across significant potential to help expand the development regarding the Meet Group??™s video clip platform-as-a-service services and products, also opportunities for knowledge-sharing and cross-selling. We be prepared to carry on our strong development trajectory over the coming years and certainly will continue steadily to assess a array of choices to help our development initiatives.???

ParshipMeet Group is jointly owned by ProSiebenSat.1, a number one free-to-air TV broadcaster and movie activity business when you look at the German-speaking areas and another of the very most diversified news organizations in European countries, and General Atlantic, a respected worldwide development equity company supplying money and strategic help for development businesses.

ParshipMeet Group

ParshipMeet Group can be a market that is international in online dating sites. Using its uniquely diverse company approach, the business covers your whole spectrum of the web dating market, which range from social relationship with a good activity component centered on live movie streaming, to severe matchmaking. ParshipMeet Group??™s brand profile is made from internationally established and successful brands with complementary talents. Social dating and activity apps MeetMe, Skout, Tagged, GROWLr, and LOVOO concentrate on social connections, activity, and community. Matchmaking solutions such as for example eharmony or European-based Parship utilize systematic methods to simply help people find their partner for a compatible, happy long-lasting relationship. Headquartered in Hamburg, Germany, the business presently employs a workforce of greater than 1,100 in eight offices global.

The Meet Group

The Meet Group is a prominent provider of interactive dating solutions designed to meet up with the universal dependence on peoples connection. Our ecosystem of livestreaming apps allows our international community to have interaction through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe?®, LOVOO?®, Skout?®, Tagged?® and GROWLr?®, deliver real time interactions and significant connections to scores of daters daily. Headquartered in brand New Hope, PA, we’ve workplaces in Philadelphia, Dresden, and Berlin. The Meet Group is invested in security. You’ll find a description of present security methods right right right here. To get more information, see themeetgroup, and follow us on Twitter, Twitter or LinkedIn.

Parship Group

The Parship Group is just a respected provider of online matchmaking solutions. The well-known brands that are international, ElitePartner and eharmony are part of the team. All three solutions utilize systematic solutions to effectively help singles to find meaningful relationships that enrich their everyday lives. Both Parship and eharmony are pioneers in making use of medical ways to produce relationships that are highly compatible. California-based eharmony ended up being established and functions in the usa, Canada, great britain and Australia. Parship invented clinical matchmaking in European countries and after this provides its service into the German-speaking globe while the Benelux nations. ElitePartner may be the premium partner agency for advanced singles, running within the DACH-region. Presently, the Parship Group employs over 300 peers in Hamburg / Germany (head office), Los Angeles, London and Amsterdam.

ProSiebenSat.1 Group

ProSiebenSat.1 combines leading entertainment brands with a fruitful manufacturing business and a very good business and internet dating profile and it is therefore one of the more diversified news businesses in European countries. You want to provide entertainment that is great whenever, anywhere as well as on any unit. We could address over 45 million television households in Germany, Austria and Switzerland with your 15 free and pay TV networks. Every thirty days with online offerings marketed by ProSiebenSat.1 at precisely the same time, we reach around 36 million unique users.

Effective platforms like ???The Masked Singer???, ???Germany??™s next Topmodel???, and ???Beat the Channel??? in addition to top-notch movie movie stars Pansexual dating websites free like Heidi Klum, or Dwayne Johnson fit in with our house. Programs like ???Bosch???, ???Married in the beginning Sight???, or ???Queen of Drags??? are made in your distribution and production company Red Arrow Studios. Our worldwide electronic studio Studio71 achieves over 9.9 billion month-to-month video clip views and runs significantly more than 1,400 internet stations.

During the exact same time, we utilize our expertise in brand name building for the business and internet dating pillars: NuCom Group is really a fast-growing ecommerce player with leading profile businesses into the regions of customer advice, experiences and beauty & life style. With ParshipMeet Group, we now have developed a respected platform that is global the online dating sites section and also have underlined our place as a very good development partner for electronic businesses.

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