FILE PHOTO – Job seekers and recruiters at the Tinder table gather at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida
No final decision has been made and Match Group could decide to not proceed with a deal, the report noted.
Meet Group, which has been focusing on expanding its live-streaming platforms, has struggled to challenge the dominance of Match Group in the dating domain.
In December, Reuters had reported that German broadcaster ProSiebenSat.1 Media SE’s (PSMGn.DE) e-commerce arm, NuCom Group, was exploring the acquisition of Meet Group.
Shares of Meet Group, whose primary apps include MeetMe, LOVOO, Skout, Tagged and Growlr, surged about 21% to $6.74 after the report, while Match Group shares rose 8.2%.
Match Group declined to comment on the…
Source Reuters Tech News