Deals

ProSieben to Buy Dating Firm Meet Group in Tough TV Market

Deal will bolster German company’s existing dating properties
ProSieben’s 2019 sales came in slightly below estimates

WATCH: CEO Mark Conze discusses ProSiebenSat.1’s plans to buy Meet Group and the outlook for the broadcast industry in general.(Source: Bloomberg)

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By Stefan Nicola

March 5, 2020 at 6:37 AM UTC

Updated on

March 5, 2020 at 9:24 AM UTC

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ProSiebenSat.1 Media SE plans to buy The Meet Group Inc. in an all-cash deal as the German broadcaster tries to counter a drop in TV advertising revenue by bolstering its digital efforts.