Fly News Breaks for December 16, 2019
Dec 16, 2019 | 13:03 EDT
Roth Capital analyst Darren Aftahi believes Meet Group shares could be worth $7-$8 in a potential sale. While neither party has confirmed the solicitation reported by Reuters, NuCom's interest likely revolves around implementing live streaming across its dating apps as well as potential synergies in European audiences, Aftahi tells investors in a research note. The analyst keeps a Buy rating on shares of Meet Group, which are 8% to $5.46 in afternoon trading.
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