Add-on Acquisition • Software

ProSiebenSat.1 Media and Parship Group Acquire The Meet Group

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

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

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M&A Deal Summary

Date September 4, 2020
Target The Meet Group
Sector Software
Buyer(s) ProSiebenSat.1 Media
Parship Group
Deal Type Add-on Acquisition

Target Company

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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Buyers Overview 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 Context for Buyer #
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

Frankfurt, 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 was founded in 1993 and is based in Frankfurt, Germany.

Sell -
Buyer

Parship Group

Hamburg, Germany

Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Parship Group is a provider of online dating services. Parship Group was founded in 2015 and is based in Hamburg, Germany.


Deal Context for Buyer #
Overall 4 of 4
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 -