Provider of a location-based social network application for connecting singles. The company offers social dating application, which enables singles to chat, share pictures and comments to or about other singles who are either on the same block or on the other side.
Profitable
Acquired/Merged (Operating Subsidiary)
Formerly VC-backed
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.
Add a review