M&A Deal Summary

ProSiebenSat.1 Media and PARSHIP ELITE Group Acquire The Meet Group

On September 4, 2020, ProSiebenSat.1 Media and PARSHIP ELITE Group acquired software company The Meet Group

Acquisition Highlights
  • This is ProSiebenSat.1 Media’s 1st and PARSHIP ELITE Group’s 1st transaction in the Software sector.
  • This is ProSiebenSat.1 Media’s 5th and PARSHIP ELITE Group’s 2nd transaction in the United States.
  • This is ProSiebenSat.1 Media’s 1st and PARSHIP ELITE Group’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-09-04
Target The Meet Group
Sector Software
Buyer(s) ProSiebenSat.1 Media
PARSHIP ELITE Group
Deal Type Add-on Acquisition

Target

The Meet Group

New Hope, Pennsylvania, United States
The Meet Group, Inc. is a developer of mobile apps designed to meet the universal need for human connection. Using innovative products and sophisticated data science, The Meet Group keeps its approximately 2.7 million mobile daily active users engaged and originates untold numbers of casual chats, friendships, dates, and marriages. The Meet Group offers advertisers the opportunity to reach customers on a global scale with hundreds of millions of daily mobile ad impressions. The Meet Group was founded in 1997 and is based in New Hope, Pennsylvania.

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Buyer(S) 2

Buyer

ProSiebenSat.1 Media

Unterfohring, Germany
Category Company
Founded 1984
Sector Media
Employees7,188
Revenue 3.9B EUR (2023)
DESCRIPTION

ProSiebenSat.1 Media is a media company that operates 27 TV channels in 10 countries. The Entertainment segment operates free TV stations, such as SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold, ProSieben MAXX, and kabel eins Doku, as well as distributes ProSiebenSat.1 HD stations. ProSiebenSat.1 Media was founded in 1984 and is based in Unterfohring, Germany.

DEAL STATS #
Overall 18 of 19
Sector (Software) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (Pennsylvania) 1 of 1
Country (United States) 5 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Pluto TV

Los Angeles, California, United States

Pluto TV is a free streaming television service in America, delivering 100+ live and original channels and thousands of on-demand movies in partnership with major TV networks, movie studios, publishers, and digital media companies. Pluto TV is available on all mobile, web and connected TV streaming devices and millions of viewers tune in each month to watch premium news, TV shows, movies, sports, lifestyle and trending digital series. Headquartered in Los Angeles, Pluto TV has offices in New York, Silicon Valley, Chicago, and Berlin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 WindStar Medical

Wehrheim, Germany

Windstar Medical is an over-the-counter (“OTC”) consumer healthcare company that designs, develops, and commercializes branded consumer health and private label products, with a track record of establishing best-in-class medical formulations and brands. Windstar Medical is based in Wehrheim, Germany.

Sell -
Buyer

PARSHIP ELITE Group

Hamburg, Germany
Category Company
Sector Internet Software and Services
DESCRIPTION

PARSHIP ELITE Group GmbH is a provider of online dating services.

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 eharmony

Los Angeles, California, United States

eharmony is a pioneer in using algorithms to create highly compatible relationships based on key dimensions of personality that predict the most compatible, highly successful, long-term relationships. eharmony operates in the United States, Canada, the United Kingdom and Australia.

Buy -
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