Swiss Dating App Blinq Acquired By Outdoor Ad Firm APG|SGA

TECH CRUNCH – Feb 3 – The price of the deal wasn't disclosed, but given Blinq's limited traction, it probably wasn't very high. The dating app, that was incorporating beacon proximity technology, and the algorithm to judge physical attractiveness, also develped by the startup, will be both shut down within two weeks. The team will join APG|SGA to help the company to launch a beacon network for a new division that will be developing interactive ads to work in conjunction with the Bluetooth comms tech. The startup had raised ~ $1M since its launch in 2013 and claims 400k registered users.