ProSiebenSat.1 and US financial investor want to buy The Meet Group

ProSiebenSat.1 and US financial investor want to buy The Meet Group. (picture alliance / dpa)

The German media group ProSiebenSat.1 and the US financial investor General Atlantic plan to jointly acquire the online dating and social entertainment company The Meet Group. The proposed deal was announced by ProSiebenSat.1 at its headquarters in Unterföhring, Bavaria, on Thursday. The takeover is expected to be completed in the second half of the year and should have a positive effect on the company's overall results from the first year.

ProSiebenSat.1 and General Atlantic intend to expand their joint company Nucom through acquisitions. Nucom also includes the Parship Group, which, together with The Meet Group, is to be developed into a leading provider in the global online dating market, the company stated. The Meet Group is valued at 500 million US dollars. The offer to The Meet Group shareholders is $6.30 per share.

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Reading:

Industry: Germany must speed up clean energy roll-out

Huawei is biggest patent applicant in Europe

Adidas posts strong 2019 results, but coronavirus impact looms

Economic Watch: China further eases corporate financing with registration-based bond issuance rules

China implements registration system for public issuance of corporate bonds