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‘The Company acquired Growlr for .8million, using .8million in cash on hand and million from its existing line of credit, plus an earnout of million to be paid in annual

‘The Company acquired Growlr for $11.8million, using $4.8million in cash on hand and $7million from its existing line of credit, plus an earnout of $2million to be paid in annual $1million installments over the next two years if certain revenue metrics are achieved in each year.’ ‘I’m excited at what this means for the Growlr community,’ Cummiskey told Out.

In 2016 it sold a majority 61.5% shareholding to Kunlun for $93million.

This was followed in 2017 by the gaming company buying the remaining 38.5% for $152million – given it overall ownership.

Meet says it’s looking to expand the team quickly (already advertising for a Product Manager on Linked In).

It hopes to bring video streaming services to the app later this year.

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‘The Company acquired Growlr for $11.8million, using $4.8million in cash on hand and $7million from its existing line of credit, plus an earnout of $2million to be paid in annual $1million installments over the next two years if certain revenue metrics are achieved in each year.’ ‘I’m excited at what this means for the Growlr community,’ Cummiskey told Out.In 2016 it sold a majority 61.5% shareholding to Kunlun for $93million.This was followed in 2017 by the gaming company buying the remaining 38.5% for $152million – given it overall ownership.Meet says it’s looking to expand the team quickly (already advertising for a Product Manager on Linked In).It hopes to bring video streaming services to the app later this year.

million installments over the next two years if certain revenue metrics are achieved in each year.’ ‘I’m excited at what this means for the Growlr community,’ Cummiskey told Out.

In 2016 it sold a majority 61.5% shareholding to Kunlun for million.

This was followed in 2017 by the gaming company buying the remaining 38.5% for 2million – given it overall ownership.

Meet says it’s looking to expand the team quickly (already advertising for a Product Manager on Linked In).

It hopes to bring video streaming services to the app later this year.

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