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While the studies have shown one profiles regarding societal discovery apps tend to have fun with one or more at the same time, and you may considering MeetMe and Skout share lower than 5% overlap amongst their month-to-month active representative feet, we feel there clearly was a very clear cross-advertising benefit anywhere between apps. The newest geographic merge is also subservient: if you are Skout’s premier country, such as for instance MeetMe’s, is the United states, Skout is over 80% around the globe and you will skews alot more on the China, in which MeetMe have typically got little exposure.
David Clark, Head Monetary Officer out of MeetMe, added, “We anticipate the acquisition to close into the October regarding the season and also to end up being accretive to income and also to build most 100 % free earnings to own MeetMe in the first 12 months following the closing and you can beyond. Through the years, we think one to as a consequence of additional synergies of merging our very own tech programs, optimizing all of our monetization system, cross-creating to each user legs, and you can increasing MeetMe’s around the globe monetization, we are able to make extra value from this order.”
Canaccord Genuity is providing since the monetary advisor and you can Morgan, Lewis & Bockius LLP is serving due to the fact legal services so you’re able to MeetMe. Continue reading MeetMe plans to speeds the brand new monetization of the all over the world audience centered to your Skout’s effective history on these markets