INVESTORS BUSINESS DAILY – June 5 – In last year's third quarter, Match.com bought a 20% interest in Chinese dating site Zhenai and upped its stake in Europe's No. 1 dating site, Meetic, to 81%. IAC's core personals business, which includes Match.com, Chemistry.com and the People Media unit's targeted dating sites, grew sales 17% to $108.9M, driven by a 12% boost in paid subscribers to 1.8M. IAC's online personals segment is its most profitable business. This month, Match.com will start to roll out the Stir, a service that brings single people together in organized local events. As a part of an ongoing beta test, Match.com has organized 60 Stir events across 10 U.S. markets.
by Marilyn Much
The full article was originally published at Investors Business Daily, but is no longer available.
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Big is best in the idating industry and Match has been on the acquisition warpath in the last few of years. People Media, Singlesnet, Meetic, OKCupid…they’re leaving no opportunity-stone unturned and running a tight ship.
Big is best in the idating industry and Match has been on the acquisition warpath in the last few of years. People Media, Singlesnet, Meetic, OKCupid…they’re leaving no opportunity-stone unturned and running a tight ship.