YAHOO NEWS CANADA — Dec 5 — Think Partnership has bought Canadian-based online dating company Vintacom Media Group Inc. in a cash-stock deal valued at about $5.2 million US. Vintacom hosts over 120 online dating sites in Canada and the U.S. Vintacom CEO Brad Hogg will continue to head the business, which employs 100 people.
Congrats to Brad,
Here is a better link.
http://biz.yahoo.com/bw/051205/20051205005535.html?.v=1
200k Signups a month
1.1 million yearly profit.
5.2 Million sale.
46 cents a member profit.
Sold for 4.7 times profit.
Relationship owns singleme, dreammates and passionatepersonals all of which face sharp declines this year. All their other sites are on a rev share basis with other companies so i assume there is very limited potential for revenue growth.
I wonder if they sold because the larger dating sites are pushing them out of business?
They do 200k signups a month, but only make $1.1M/year in profit?
Something doesn’t seem right. Or, could it be that a “signup” is not what I am thinking – a free trial profile (?) What else could it be?
Either that or they have a downright awful conversion rate.
Wasn’t Vintacom bought by another company 6 months ago? I remember seeing a press release. It wasn’t Think Partnership. It was another company.
Same group Mark, just a name change.