Exclusive: Prosieben's NuCom eyes acquisition of Meet Group - sources

📆 16/12/2019 23:11:00
📰 ChannelNewsAsia

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REUTERS: German broadcaster ProSiebenSat.1 Media SE's e-commerce arm NuCom Group is exploring the acquisition of U.S. livestreaming app developer ...

REUTERS: German broadcaster ProSiebenSat.1 Media SE's e-commerce arm NuCom Group is exploring the acquisition of U.S. livestreaming app developer Meet Group Inc , people familiar with the matter said on Monday.

Meet Group shares rose as much 21per cent on the news, and were trading up 9per cent at US$5.52 in the afternoon session in New York on Monday, giving the company a market value of US$400 million.

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