SEEKING ALPHA – June 19 – Spark Networks targets adjusted EBITDA of $50M in 2020. The company says the California Department of Business Oversight granted a permit allowing Spark to issue securities in exchange for the outstanding Zoosk securities. The permit followed a hearing that was the last major milestone in the Zoosk purchase. The acquisition is expected to close on July 1. Spark shares are up 2% to $10.80.
by Brandy Betz
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