Skout Status
The company was acquired by MeetMe (NASDAQ: MEET) for $63.351 million on October 3, 2016. MeetMe (NASDAQ: MEET) is paying $30,975,002 in cash and approximately 5.37 million common shares fair-valued at $32,276,505. The acquisition is expected to provide greater scale for monetization and increased profitability for the combined company. Skout will remain operational and continue as a standalone brand.
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