NEW WISH, Pa.–( COMPANIES LINE )–MeetMe, Inc. (NASDAQ: SATISFY), a community marketplace leader for personal development, today announced it has performed a conclusive agreement to get Skout, a number one worldwide mobile community for encounter new-people, for $28.5 million in funds and more or less 5.37 million typical offers of MeetMe, implying an enterprise value of $54.6 million centered on MeetMes closing inventory costs on Summer 24, 2016. This exchange encourages MeetMe and Skouts contributed eyesight to create the biggest global solution for meeting and communicating with new people. The exchange is expected to provide better scale for monetization and improved profitability for the blended organization.

Skout are a leading mobile application for fulfilling new-people with:

Key highlights for the expected measure associated with newer united company incorporate:

• Portable MAU of 8.5 million, an increase of 69% from MeetMes 5.0 million in May 2016;
• Cellphone daily active consumers (DAU) of 2.1 million, an increase of 73percent from MeetMes 1.24 million in-may 2016;
• Chats delivered everyday of 57.2 million, an increase of 96% from MeetMes 29.2 million typical in June 2016;
• Cellphone new registered users daily of 107,000, a rise of 65per cent from MeetMes 65,000 each day typical in 2016.

Investment effect of exchange:

• Likely to render considerably improved scale in consumer base and revenue, and display stronger functioning leverage.
• Presuming a possible closing big date of Oct 1, 2016, MeetMe would expect its 2016 economic results to be profits of between $70.5 and $73.5 million and Adjusted EBITDA of between $26.0 and $29.0 million.
• Count on Skout to lead roughly $7.5 million of Adjusted EBITDA and start to become accretive to revenue in the first one year post-closing. Leia mais →