Tinder-owner Match Group has approached social networking app designer Meet Group about a takeover, Bloomberg reported https://www.bloomberg.com/news/articles/2020-02-06/ match-group- is-said-to-approach-meet-group- about-takeover? sref= V7uxlNge on Thursday, pointing out people educated about the matt
No final decision has actually been made and Match Group might select to not continue with an offer, the report kept in mind.
Meet Group, which has in fact been concentrating on broadening its live-streaming platforms, has in fact had a hard time to challenge the supremacy of Match Group in the dating domain.
In December, Reuters had actually reported that German broadcaster ProSiebenSat.1 Media SE’s e-commerce arm, NuCom Group, was having a look at the acquisition of Meet Group.
Shares of Meet Group, whose main apps include MeetMe, LOVOO, Skout, Tagged and Growlr, rose about 21% to $6.74 after the report, while Match Group shares increased 8.2%.
Match Group declined to comment on the report and Meet Group did not respond to ask for comment.
( Reporting by Devbrat Saha; Customizing by Vinay Dwivedi)