The Meet Group, Inc., a leading provider of interactive dating solutions, has announced the completion of its previously announced acquisition by the parent company of eharmony. We now combine large freemium dating services monetizing via video, in-app-purchases, and advertising with leading matchmaking brands in the world, monetizing via subscription. It now operates MeetMe, LOVOO, Tagged, Skout, GROWLr, eharmony, Parship and ElitePartner. In connection with the transaction, a new parent company, ParshipMeet Group, was created to manage two subsidiaries: The Meet Group and Parship Group. The ParshipMeet Group is one of the leading international companies in the field of online dating. ProSiebenSat.1 Media SEProSiebenSat.1 combines leading entertainment brands with a successful production business and a strong commerce and online dating portfolio and is thus one of the most diversified media companies in Europe. The remainder is held by management. Rainer Beaujean, Chairman of the Executive Board and CFO, ProSiebenSat.1 Media SE: By combining these two successful and complementary businesses, we create a leading global player in … Despite a challenging macroeconomic situation, both Parship Group and The Meet Group managed their businesses throughout the COVID-19 pandemic effectively, swiftly reacting to the crisis and adapting to the continuously changing environment. Online Personals Watch: News on the Online Dating Industry and Business, « Momo Announces Q2 Results: Revenue Down 7%, Tinder's "Swipe Night" to Launch Globally This Month », Tawkify - America's nationwide matchmakers. The combined company operates as ParshipMeet Group, a newly-minted unicorn and a leading global player in the online dating market. Meet Group, Inc. (MEET), a portfolio of mobile dating apps, said Thursday that it has agreed to be acquired by NuCom Group, which is a joint company of German commercial broadcaster ProSiebenSat.1 Media AG’s (PBSFF.PK) and private equity firm General Atlantic, in an all cash transaction for $6.30 per share. “We see significant potential to further the growth of The Meet Group’s video platform-as-a-service products, as well opportunities for knowledge-sharing … Shareholdings in NuCom Group remain unchanged. Headquartered in Hamburg, Germany, the company currently employs a workforce of more than 1,100 in eight offices worldwide. IPO News; Hot IPOs; Equity Offerings; ... CEO The Meet Group and GM Video ParshipMeet Group. It now operates MeetMe, LOVOO, Tagged, Skout, GROWLr, eharmony, Parship and ElitePartner. By carving out Parship Group from NuCom Group, ProSiebenSat.1 forms a strong fourth pillar in a highly profitable and fast-growing segment. prosiebensat 1: parship group completes acquisition of meet group. With our diversified revenue streams and new live video … ... online dating is becoming an increasingly accepted channel to find a partner. The Meet Group focuses on community while bringing social entertainment to dating, monetizing through livestreaming video. At the same time, we reach around 36 million unique users every month with online offerings marketed by ProSiebenSat.1. Social dating and entertainment apps MeetMe, Skout, Tagged, GROWLr, and LOVOO focus on social connections, entertainment, and community. At the same time, we use our expertise in brand building for our commerce and online dating pillars: NuCom Group is a fast-growing e-commerce player with leading portfolio companies in the areas of consumer advice, experiences and beauty & lifestyle. The Meet Group Acquired and Looking at 2022 IPO as ParshipMeet! Unterfoehring/Hamburg, September 4, 2020. Meet Date Fall in Love | Human connection is our most fundamental need. "By combining The Meet Group's assets with Parship Group's strengths, we've created a global dating leader and one of the most diversified portfolios of dating brands in the world. ProSiebenSat.1's and General Atlantic's Parship Group has successfully completed the acquisition of The Meet Group, following regulatory... | February 16, 2021. The German broadcaster merged the company with Parship Group, its online dating arm that already housed Parship, eharmony and ElitePartner. The combined group was able to further expand its user base and generated pro-forma revenues of EUR 246 million and pro forma adjusted EBITDA of EUR 52 million, representing a c. 28% year-on-year pro-forma revenue growth and c. 71% year-on-year pro-forma adjusted EBITDA growth in the first half of 2020.3 ParshipMeet Group’s business model has proven to be adaptable during the COVID-19 crisis, with online dating and live video markets expected to grow by double digit rates in the next two years. With the clear goal of a planned IPO, we are now looking for a Senior Group Accounting & Reporting Manager (IFRS) (m/f/d). ...We are perfectly positioned for sustained long-term growth.". The German broadcaster merged the company with Parship Group, its online dating arm that already housed Parship, eharmony and ElitePartner. At the beginning of the month, ProSiebenSat.1 Media officially completed its takeover of The Meet Group, in a deal which valued the dating and live streaming outfit at $500 million. "We believe this deal will help define the future of dating. – Trustpilot, the European equivalent of reviews site … After carving out Parship Group, NuCom Group focuses on the continued successful development of its three verticals of consumer advice, experiences and beauty & lifestyle. With the number of singles growing – amongst whom there are more and more digital natives – online dating is becoming an increasingly accepted channel to find a partner. The acquisition is expected to close in the 2nd second half of 2020 and is subject to the satisfaction of … Tim Schiffers, CEO of the newly formed ParshipMeet Group, said in a statement: “By combining The Meet Group’s assets with Parship Group’s strengths, we’ve created a global dating leader and one of the most diversified portfolios of dating brands in the world. ProSiebenSat.1 are around 7,000 passionate creators that love to entertain and delight our viewers and consumers each day. « Momo Announces Q2 Results: Revenue Down 7% | With the acquisition of The Meet Group, the geographic footprint is further solidified and value generating competencies in online video monetization were added. Parship Group closes The Meet Group acquisition to form a leading online dating platform with ParshipMeet Group more. 24th September 2020. Founded in 2005, MeetMe has generated untold numbers of meaningful conversations, new friendships, dates, romantic relationships – even marriages. ", Tim Schiffers, CEO, ParshipMeet Group said, "Online dating, and interactive live video in particular, is a global megatrend that will continue to transform all of our lives in the future. With its uniquely diverse business approach, the company covers the whole spectrum of the online dating market, ranging from social dating with a strong entertainment component based on live video streaming, to serious matchmaking. "The Meet Group's livestreaming video platform is unique and well positioned for a post-pandemic world where video becomes a critical part of finding and screening first dates," said Tim Schiffers, CEO of ParshipMeet Group. ParshipMeet Group operates a resilient business model in a highly attractive market segment, with expected double-digit annual revenue growth rates as the broader dating sector continues to boomOperating a highly resilient business model, ParshipMeet Group has a broad geographical footprint, underpinned by a diverse set of revenue streams, including subscriptions, in-app purchases and advertising. Through these apps, users can stream live video, send gifts, chat, and share photos. Parship Group closes The Meet Group acquisition to form a leading online dating platform with ParshipMeet Group ... ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022. MeetMe’s mission is to meet the universal need for human connection among all people, everywhere. We believe this deal will help define the future of dating. Main The Meet Group, Inc., a leading provider of interactive dating solutions, has announced the completion of its previously announced acquisition by the parent company of eharmony.In connection with the transaction, a new parent company, ParshipMeet … Parship Group has been carved out of NuCom Group and as of today ParshipMeet Group represents ProSiebenSat.1’s new online dating segment with combined pro-forma LTM revenues of c. EUR 451 million and pro-forma LTM adjusted EBITDA of c. EUR 95 million as of H1 2020.2 ParshipMeet Group’s management team is continued to be led by industry experts with proven operational … Combined Company, ParshipMeet Group, Adds Industry-Leading Livestreaming Capabilities at a Time of Surging Global Demand for Video Dating. The Meet Group Acquired and Looking at 2022 IPO as ParshipMeet! BUSINESSWIRE - Sep 4 - The Meet Group announced the completion of its acquisition by the parent company of eharmony. [7] By bringing together these two companies and generating considerable shareholder value, NuCom Group has built its first category leader. Please enable JavaScript if you would like to comment on this blog. With our diversified revenue streams and new live video streaming opportunities, we are perfectly positioned for sustained long-term growth.”, Geoff Cook, CEO of The Meet Group and General Manager Video of ParshipMeet Group: “We are thrilled to combine with a globally leading matchmaking company. Its mobile apps are available on iOS, and Android in multiple languages. Strong advisory board will support further growthParshipMeet Group’s advisory board is formed by Rainer Beaujean (Chairman of the Executive Board & CFO, ProSiebenSat.1 Media SE), Wolfgang Link (member of the Executive Board, ProSiebenSat.1 Media SE & CEO SevenOne Entertainment Group), Friedrich Thoma (EVP Group Strategy & Corporate Development, ProSiebenSat.1 Media SE), Claas van Delden (Co-CEO, NuCom Group), Joern Nikolay (Managing Director, General Atlantic), and Vittorio Colao (Vice Chairman Europe, General Atlantic). Your Responsibility in our Team; Disciplinary leadership of our small but mighty PR & Corporate Communication team; Further development of the communication strategy based on the corporate strategy and implementation of corresponding measures for external corporate communication for the ParshipMeet Group, as well as coordination with the international subsidiaries with a clear focus on a … 3/5/2020 Press release. The universal need for human connection, especially in times of change or crisis, renders the group’s business models and offerings timeless. The remainder is held by management. ParshipMeet Group fulfils this desire. The cash price consideration to The Meet Group’s shareholders is $6.30 per share, valuing The Meet Group at approximately $500m enterprise value. By combining The Meet … "We are thrilled to combine with a globally leading matchmaking company," said Geoff Cook, CEO of The Meet Group. We believe in the ability of ParshipMeet Group, as a newly combined company, to bring transformative digital innovation to the global online dating sector. The successful acquisition and subsequent integration of US matchmaking pioneer eharmony demonstrated its ability to create value through M&A and provided a solid entry in the attractive US market. The Meet Group Acquired and Looking at 2022 IPO as ParshipMeet! ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022. “By combining The Meet Group’s assets with Parship Group’s strengths, we’ve created a global dating leader and one of the most diversified portfolios of dating brands in the world. Im September 2020 wurde die Übernahme nach Zustimmung durch die bisherigen Aktionäre der The Meet Group sowie die zuständigen kartellrechtlichen und regulatorischen Behörden abgeschlossen. ParshipMeet Group is jointly owned by ProSiebenSat.1, a leading free-to-air TV broadcaster and video entertainment company in the German-speaking markets, and General Atlantic, a leading global growth equity firm providing capital and strategic support for growth companies. With its uniquely diverse business approach, the company covers the whole spectrum of the online dating market, ranging from social dating with a strong entertainment component based on live video streaming, to serious matchmaking. The company has millions of mobile daily active users. Economically, ProSiebenSat.1 owns 53% (plus EUR 350 million preferred equity) and General Atlantic 43% in ParshipMeet Group. ParshipMeet Group has a unique opportunity to harness the power of technological enablement to augment its differentiated platform and to continue connecting people around the globe.”. ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022. See full article at ProsiebenSat.1 website, See the top news on The Meet GroupSee the top news on Parship Group. "We are thrilled to combine with a globally leading matchmaking company," said Geoff Cook, CEO of The Meet Group. ParshipMeet Group is an international market leader in online dating. Tim Schiffers, CEO, ParshipMeet Group: “Online dating, and interactive live video in particular, is a global megatrend that will continue to transform all of our lives in the future. General Atlantic has more than 150 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore. ParshipMeet Group’s brand portfolio consists of internationally successful and established brands with complementary strengths. ...We see significant potential to further the growth of The Meet Group's video platform-as-a-service products, as well opportunities for knowledge-sharing and cross-selling.". | Tinder's "Swipe Night" to Launch Globally This Month ». We will continue to focus on the same three pillars which have contributed to our success: building the best dating features in the world for our engaged community, investing in livestreaming content and innovation, and discovering sensible opportunities to expand and grow – both organically and through strategic relationships, including our video-platform-as-a-service offering.”. ParshipMeet Group now owns and operates […] www.prosiebensat1.com, General AtlanticGeneral Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. 3/5/2020 Press release. Parship Group brands are market leaders in the matchmaking space; focused on serious relationships and monetizing through subscriptions. The goal is to create a leading global player in the online dating segment by combining NuCom’s portfolio company Parship Group with The Meet Group. BUSINESSWIRE - Sep 4 - The Meet Group announced the completion of its acquisition by the parent company of eharmony. display Munich (dpa) - The television group ProSiebenSat.1 was able to keep its sales almost stable at 4.05 billion euros last year, but the profit for the shareholders fell by 35 percent to 267 million euros. – German retailer Otto Group is planning to list its online fashion retailer About You in early 2021 in a deal that could value the company at about 3 billion euros as it hopes to benefit from a boom in online shopping in the covid-19 pandemic, sources said. The Group offers a full suite of services, from social dating and entertainment to online matchmaking. Matchmaking services such as eharmony or European-based Parship use scientific methods to help people find their partner for a compatible, happy long-term relationship. ParshipMeet Group | 232 followers on LinkedIn.
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