M&A Deal Summary

The Meet Group Acquires LOVOO

On September 20, 2017, The Meet Group acquired software company LOVOO for 70M USD

Acquisition Highlights
  • This is The Meet Group’s 1st transaction in the Software sector.
  • This is The Meet Group’s largest (disclosed) transaction.
  • This is The Meet Group’s 1st transaction in Germany.

M&A Deal Summary

Date 2017-09-20
Target LOVOO
Sector Software
Buyer(s) The Meet Group
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

LOVOO

Dresden, Germany
LOVOO GmbH is a developer of dating app and the largest German-speaking dating app by downloads. The privately held company is based in Dresden and Berlin, Germany, and is available in 15 languages to its 1.9 million mobile daily active users.

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Buyer(S) 1

Buyer

The Meet Group

New Hope, Pennsylvania, United States

Category Company
Founded 1997
Sector Software
Employees296
Revenue 207M USD (2019)
DESCRIPTION

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.


DEAL STATS #
Overall 3 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Germany) 1 of 1
Year (2017) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 If

San Francisco, California, United States

If(we), Inc. is a social and mobile technology company Tagged and hi5 with over five million total monthly active users worldwide. if(we) is continually developing new social applications to help realize its vision of enabling meaningful connections.

Buy $60M