New Hope-based site that is dating gets installed with German company for $500M

New Hope-based site that is dating gets installed with German company for $500M

Owners of the EHarmony on line service that is dating consented to purchase New Hope-based Meet Group, its smartphone dating apps, and video clip and marketing computer pc computer software, for $500 million, or $6.30 a share.

Meet Group, which has the MeetMe, Lovoo, Skout, Tagged and Growlr apps, amongst others, can be a U.S.-based supply of Munich, Germany-based NuCom’s Parship Group, a “matchmaking platform” that owns the EHarmony, Parship and Elite Partner dating apps, to make “a worldwide frontrunner when you look at the internet dating and social activity sector,” the firms stated in a declaration.

NuCom is really a venture that is joint by German activity business ProSiebenSat.1 Media SE — which has television channels and reality-video programs in central European countries — and brand New York-based private-equity investor General Atlantic.

“This deal is about development,” stated Meet Group leader and cofounder Geoff Cook. In place of cutting jobs, “we are continuing to engage.”

The business employs 337 global, including about 200 at its New Hope and Philadelphia workplaces. Cook will remain on to operate the combined team in coordination with Parship.

Together they usually have apps companion-seekers may use from their smart phones “if you’re interested in somebody when it comes to week-end, or a discussion partner, or your better half,” Cook included. Continue reading “New Hope-based site that is dating gets installed with German company for $500M”