PHILADELPHIA BUSINESS JOURNAL – Mar 6 – CEO Geoff Cook said the $500M deal likely wouldn't have come together without its pivot toward livestreaming. He saw the success Asian dating apps had integrating livestreaming into their products and thought it could be recreated in Western countries. He plans on staying with The Meet Group, alongside with his team. As part of the all-cash deal, ProSiebenSat.1's e-commerce arm NuCom, which owns eHarmony, is slated to merge with The Meet Group. The deal values The Meet Group's shares at $6.30, a 30% premium over its average price in the past month.
by Michelle Caffrey
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