trending Market Intelligence /marketintelligence/en/news-insights/trending/nksi_cmgcbckahc5d3sb7w2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

MeetMe closes Skout deal

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next


MeetMe closes Skout deal

MeetMe on Oct. 3 closed the acquisition of Skout Inc., a global mobile network formeeting new people.

Related to the deal, MeetMe granted stock options for up to355,000 of its common shares to 25 former Skout employees as an inducement tobecoming nonexecutive employees of MeetMe at closing. Each option has a 10-yearterm, a three-year vesting period, subject to continued employment, and anexercise price of $6.12 per share, the closing price per share of MeetMe'scommon stock on the grant date.

Additionally, MeetMe disclosed that excluding Skout, itexpects its third-quarter revenue to total about $17.2 million, for year-over-yeargrowth of about 20%. The Skout deal is expected to "significantly"increase the size of MeetMe's user base and its total revenue, the company said.

MeetMe's third-quarter financial results will be reported inearly November.