MeetMe has agreed to buy mobile flirting app startup Skout for $28.5 million cash and about 5.37 million shares. The total value of the deal is estimated to be around $54.6 million, Venture Beat
reports. “Under terms of the deal, it’s expected that Skout will remain operational and continue as a standalone brand following the close of the acquisition, which is expected to be
in October.”
Read the whole story at VentureBeat »
