Added: Dominick Messer - Date: 23.10.2021 09:19 - Views: 25761 - Clicks: 9108
The acquisition is expected to provide greater scale for monetization and increased profitability for the combined company. I am thrilled to bring two of the largest mobile apps for meeting and chatting with new people into the same portfolio.
Skout is among the earliest mobile social discovery services. We share not only the same vision but also many of the same key engagement metrics, including roughly the same of chats per user per day, as well as a familiar advertising-driven business model. I am excited by the opportunity to work closely with their talented team to accelerate growth and engagement across both apps around the world.
We believe this acquisition will further build Skout meet me this momentum, dramatically increasing our scale, and enabling continued improvements to our recommendation engine, chat, and Discuss, to have an even greater impact and reach even more users. We expect that Skout will remain a separate brand and standalone mobile application following the closing of the acquisition and its headquarters will remain in San Francisco, CA, and we have extended offers of employment to its approximately 30 employees. The Company expects to fund the cash portion of the acquisition primarily from MeetMe cash on hand and cash from operations, and potentially from other sources of financing available to MeetMe.
MeetMe Chairman John C. Abbott announced his reation, effective immediately, to focus on his business interests Skout meet me Mexico and Brazil. With a strong team in place, I know the Company is in excellent hands, experiencing strong growth and with bright prospects in front of it. Management will host a webcast and conference call on Tuesday, June 28, at a.
Eastern time to discuss the acquisition. MeetMe makes it easy to discover new people to chat with on mobile devices. With approximately 90 percent of traffic coming from mobile and more than one million total daily active users, MeetMe is fast becoming the social gathering place for the mobile generation.
MeetMe is a leader in mobile monetization with a diverse revenue model comprising advertising, native advertising, virtual currency, and subscription.
For more information, please visit meetmecorp. Skout is a leading global, mobile network for meeting new people. The Skout community spans more than countries and is available in 23 different languages. Skout is dedicated to providing a platform that people can easily and safely connect on, and hopefully change their lives.
The company is headquartered in San Francisco. Visit Skout meet me. All statements other than statements of historical facts contained herein are forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about the proposed acquisition and future events and financial trends that we believe may affect our financial condition, of operations, business strategy and financial needs.
Important factors that could cause actual to differ from those in the forward-looking statements include Skout shareholder approval of the proposed acquisition or that other conditions to the closing of Skout meet me acquisition may not be satisfied, the potential impact on the business of MeetMe or Skout due to the announcement of the acquisition, the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreement, the risk that the expected benefits and synergies of the acquisition are not achieved and general economic conditions.
Further information on our risk factors is contained in our filings with the Securities and Exchange Commission, including the Form K for the year ended December 31, Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual to differ may emerge from time to time, and it is not possible for us to predict all of them.
We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. For completed fiscal periods, reconciliations to the most directly comparable GAAP financial measures are provided in the Investors Skout meet me of our corporate website, www. Todd Kehrli meet mkr-group.
Key highlights of the expected scale of the new combined company include: Mobile MAU of 8. Financial impact of acquisition: Expected to provide ificantly increased scale in user base and revenues, and exhibit strong operating leverage. About Skout Skout is a leading global, mobile network for meeting new people. Log In Up.Skout meet me
email: [email protected] - phone:(546) 593-7630 x 9541
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