MeetMe (MEET) Tops Q4 EPS by 3c, Will Acquire if(we) For $60M In Cash

MeetMe (NASDAQ: MEET) reported Q4 EPS of $0.19, $0.03 better than the analyst estimate of $0.16. Revenue for the quarter came in at $29.2 million versus the consensus estimate of $28.75 million.

"MeetMe, Inc. (NASDAQ: MEET), a public market leader for social discovery, today announced it has executed a definitive agreement to acquire If(we), Inc., a social and mobile technology company, for $60.0 million in cash. This acquisition furthers MeetMe’s strategy to innovate, acquire and build the largest mobile portfolio of brands for meeting new people. The if(we) acquisition is expected to provide greater scale for monetization and increased profitability for the combined company. "

For earnings history and earnings-related data on MeetMe (MEET) click here.

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