INVESTOR.COM – Dec 8 - The company's acquisition in May of Europe's Meetic.com, and its purchase of a 20% stake in China's Zhenai in September, are the latest confirmations that IAC and Diller covet online dating. For Meetic, IAC spent 15 Eur ($21), a share to boost its ownership to 80% from 27%. The shares, traded on the Euronext Paris exchange, were valued at 13.50 at the time, so IAC paid a 56% premium. IAC's dating sites are among its most profitable assets, says Needham & Co. analyst Kerry Rice. In the Q3, IAC reported that its online dating revenue rose 25% to $132.3M.
by Kevin Shalvey
The full article was originally published at Investor.com, but is no longer available.
Match.com are pursuing growth through acquisition and solidifying what will be the world’s first billion dollar a year idating company. Probably by 2016, at this rate. A summary of their financials is at http://www.onlinepersonalswatch.com/news/matchcom-financials.html
Match.com are pursuing growth through acquisition and solidifying what will be the world’s first billion dollar a year idating company. Probably by 2016, at this rate. A summary of their financials is at http://www.onlinepersonalswatch.com/news/matchcom-financials.html