STANDARD.CO.UK – Aug 22 – The word on the street is that Cupid plc is being eyed up by Match.com. Cupid beefed up its own portfolio earlier this summer when it paid £2.9m for Assistance Genie Logiciel, a French dating firm. Cupid more than doubled its revenues in 2011, notching up £53.6M against £25.7M in 2010. Profit at the company was up from £4.2M to £7M.
by Laura Chesters
See full article at Standard.co.uk
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I don’t understand this, as Cupid is largely adult dating oriented. Match doesn’t do ‘adult.’ Or at least it hasn’t in the past. The closest they’ve gotten is with their whips & chains S&M dating site Alt Match which they shuttered ~8 years ago.
I don’t understand this, as Cupid is largely adult dating oriented. Match doesn’t do ‘adult.’ Or at least it hasn’t in the past. The closest they’ve gotten is with their whips & chains S&M dating site Alt Match which they shuttered ~8 years ago.
Why would a publicly-traded company whose share price has dipped by 20% over the last year (http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary-chart.html?fourWayKey=GB00B4NJ4984GBGBXAMSM) want people to think that they’re going to be acquired by a large publicly-traded competitor who would pay a significant premium over the value of the shares, encouraging ill-informed investors to buy more shares thus pushing up the share price?
I have no idea at all. Nope, can’t think where that rumour came from.
Either that or Match have had a massive change in their strategy. But I wouldn’t bet on it 😉
Why would a publicly-traded company whose share price has dipped by 20% over the last year (http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary-chart.html?fourWayKey=GB00B4NJ4984GBGBXAMSM) want people to think that they’re going to be acquired by a large publicly-traded competitor who would pay a significant premium over the value of the shares, encouraging ill-informed investors to buy more shares thus pushing up the share price?
I have no idea at all. Nope, can’t think where that rumour came from.
Either that or Match have had a massive change in their strategy. But I wouldn’t bet on it 😉