POTENTIAL DEAL DETAILS
|Stock||The Meet Group, Inc.||Symbol||MEET|
|Date of Confirmation:||03/05/2020||Price at Confirmation:||$6.82|
|Potential Profit:||27.95%||Annualized Profit:||127.54%|
March 04, 2020: German broadcaster ProSiebenSat.1 Media SE’s e-commerce arm NuCom Group is nearing a deal to acquire Meet Group Inc (MEET) that could value the U.S. dating app developer at more than $500 million, people familiar with the matter said on Wednesday.
March 05, 2020: The Meet Group, Inc. (MEET), a leading portfolio of mobile dating apps, today announced that it has entered into a definitive agreement to be acquired by ProSiebenSat.1`s and General Atlantic’s joint company NuCom Group in an all cash transaction for $6.30 per fully diluted share representing an enterprise value of approximately $500 million.
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