Tinder-owner Match Group <MTCH.O> has approached social networking app developer Meet Group <MEET.O> about a takeover, Bloomberg reported on Thursday, citing people familiar with the matt
No final decision has been made and Match Group could decide to not proceed with a deal, the report noted.
Meet Group, which has been focusing on expanding its live-streaming platforms, has struggled to challenge the dominance of Match Group in the dating domain.
In December, Reuters had reported that German broadcaster ProSiebenSat.1 Media SE's <PSMGn.DE> e-commerce arm, NuCom Group, was exploring the acquisition of Meet Group.
Shares of Meet Group, whose primary apps include MeetMe, LOVOO, Skout, Tagged and Growlr, surged about 21% to $6.74 after the report, while Match Group shares rose 8.2%.
Match Group declined to comment on the report and Meet Group did not respond to requests for comment.
(Reporting by Devbrat Saha; Editing by Vinay Dwivedi)
