PHILADELPHIA, March 8, 2017: Morgan Lewis represented social discovery public market leader MeetMe, Inc. in its definitive agreement to acquire If(we), Inc., a social and mobile technology company that operates Tagged and hi5, for $60 million in cash. Morgan Lewis also represented MeetMe in its related $30 million credit facility.
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.
The Morgan Lewis team was led by partner Jim McKenzie and included partners Mims Zabriskie, Paul Gordon, Reece Hirsch, Doneld Shelkey, Anita Polott, and Andrew Budreika; of counsel Alicia Farquhar; and associates Mike Baxter, Jack Sheehan, Ratna Shah, Erin Randolph-Williams, Casey August, Daniel Marks, and Nathan Tylwalk.