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Meet-right up app user The brand new Satisfy Group (MEET) continued its purchase race last week, scooping upwards German-oriented dating software organization Lovoo getting $70 mil. Which was their third providers buy in earlier times season and you will will give The newest Meet Category with additional pages, the newest money streams, and international visibility.

On top of that, the purchase out of Lovoo — the Zero. 1 dating app in Germany, Switzerland, and you can Austria (centered on an abundance of packages) — sets New See Group squarely on dating software area and you may will make it a stronger competition to help you reigning king The newest Matches Category (MTCH) .

A match made in Europe

The new See Classification Chief executive officer Geoff Make told you from inside the an announcement one Lovoo could be the business’s prominent app based on member traffic and will be accretive so you can non-GAAP income beginning in 2018. Let’s need a quick have a look at both just how Lovoo have a tendency to build The new Meet Group’s representative ft and exactly how it’s going to boost the businesses financials. Læs resten →