BUSINESSWIRE – Mar 11 – The Meet Group, a leading provider of interactive livestreaming solutions, reported Q4 revenue of $57.6M, up 10% YOY; adjusted EBITDA $13.3M, compared with $10.6M in the prior year quarter. 2019 full year revenue was $211.7M, up 19% YOY. On Mar 5, 2020, the Company announced that it had 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 ~$500M. The transaction is expected to close in the second half of 2020. "This is an exciting time for The Meet Group," said Geoff Cook, CEO of The Meet Group. "I believe the transaction with ProSiebenSat.1 is a tremendous validation of our strategy to marry livestreaming video with dating."
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