New Hope-based dating app company The Meet Group announced Thursday morning that it had entered an agreement to be acquired by German media group ProSiebenSat. 1 and private equity firm General Atlantics joint company NuCom Group. The all-cash deal is worth $500 million, the Pennsylvania company said in a statement.

How much does MeetMe make a year?

Total revenue was $29.2 million, up 47% year over year. Mobile revenue was $27.8 million, up 62% year over year. GAAP net income was $9.9 million, or $0.15 per diluted share, up 63% year over year. Non-GAAP net income was $12.4 million, or $0.19 per diluted share, up 56% year over year.

Who Bought meet?

ProSiebenSat.1 Media In 2020, The Meet Group was acquired by ProSiebenSat. 1 Media with a parent company, ParshipMeet Group, being formed to manage both The Meet Group and Parship.