Category: All Acquisitions

The Meet Group To Acquire German Dating App Lovoo

Posted on September 20, 2017

Themeetgroup lovoo logosBUSINESSWIRE – Sep 20 – The Meet Group is acquiring Lovoo, a social dating app, for $70M in cash, inclusive of a $5M contingent earn-out. Lovoo is a social and mobile technology company based in Germany, #1 dating app in German speaking countries (Germany, Switzerland and Austria) in terms of app store downloads. Lovoo has €27.2M in revenues (based on Subscriptions 48%; In-app Purchases 24%; Ads 28%); 5M monthly active users and 1.9M daily active users; 47k new global registrations per day; and 97 full-time employees spread across Dresden and Berlin. The Company expects that Lovoo will remain a separate brand and standalone mobile app following the closing of the acquisition, and that Lovoo's headquarters will remain in Dresden, Germany. The Meet Group's portfolio includes MeetMe, Skout, Tagged, and Hi5.

See full article at BusinessWire

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LiveXLive Media To Acquire SNAP Interactive

Posted on September 12, 2017

Snapinteractive logoPR NEWSWIRE – Sep 11 – LiveXLive Media, one of the only premium streaming networks devoted to live music and music-related video content, has entered into a merger agreement to acquire SNAP Interactive, a provider of live video social networking and interactive dating apps. LiveXLive will continue to operate SNAP's current slate of apps and will look to leverage its influencer network to drive awareness and new subscribers to SNAP's host of digital services. The purchase price for the acquisition is ~$34M consisting of ~$20.4M in cash and ~$13.6M in shares of LiveXLive common stock.

See full article at PR Newswire

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Match Group Vice Chairman Sam Yagan Sells 684,583 Shares

Posted on September 11, 2017

Match group logo jan 2017LEDGER GAZETTE – Sep 10 – Sam Yagan has sold 684,583 shares of Match Group's stock at an average price of $21.95, for a total value of ~$15M. He now owns 464,963 shares, valued at ~$10M.

by Jennifer Salazar
See full article at Ledger Gazette

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Evolve Joins HubSpot

Posted on September 8, 2017

Evolve hubspot logosGLOBE NEWSWIRE – Aug 28 – Evolve, a mobile technology and machine learning company, has joined HubSpot. Terms of the deal were not disclosed. The Evolve App provides advice in love, powered by machine learning. It uncovers hidden patterns in an individual's dating and relationship history, and gives them intelligent advice in their love life. HubSpot is a leading inbound marketing and sales platform.

See full article at Globe Newswire

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eHarmony Is Selling Elevated Careers

Posted on August 17, 2017

Elevatedcareers 2017MIAMI HERALD – Aug 17 – Boca-Raton startup Candidate.Guru, provider of a recruiting technology platform that matches job candidates to employers, has acquired Elevated Careers by eHarmony, an employee engagement, personality and skills matching solution. Terms of the deal were now disclosed, but eHarmony will become a shareholder in the company. Candidate.Guru, founded in 2014, uses artificial intelligence and machine learning to help companies better vet and rank their candidates. Candidate.Guru will sell Elevated Careers as a separate product rather than incorporating it into Candidate.Guru's product, at least initially. Dan Erickson, general manager and VP of Elevated Careers, will join Candidate.Guru and be based in Los Angeles.

by Nancy Dahlberg
See full article at Miami Herald

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Northsight Capital Enters Into A Definitive Agreement To Acquire Crush Mobile Apps

Posted on August 10, 2017

Crushmobileapps logoACCESSWIRE – Aug 9 – Northsight Capital has signed a non-binding memorandum of terms to acquire Crush Mobile Apps, a company that has developed a group of dating sites with a presence in the Latino, Israeli and African American communities, and claims ~1M members. Approval of the transaction is subject to a variety of conditions, including NCAP raising $500k prior to closing, due diligence investigation by both parties, obtaining all necessary corporate approvals, and the negotiation and execution of definitive agreements.

See full article at Yahoo Finance

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Outdoor App Yonder Bought By Dating App Luvbyrd

Posted on June 13, 2017

Yonder headerTNOOZ – June 13 – Outdoor activity specialist Yonder has been acquired by Luvbyrd founder Mike Keshian. The 4-year old company helps users find and share outdoor leisure trips such as hiking and fishing. It received seed funding of $2M in 2015. Luvbyrd is a dating app that aims to match individuals who like outdoor adventure.

See full article at Tnooz

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Flutter Asia Acquires Dating App “Perfect Match Jakarta”

Posted on May 31, 2017

Flutter asia logoE27.CO – May 30 – Indonesia-based dating platform Flutter Asia is acquiring fellow dating app Perfect Match Jakarta (PM Jakarta) for an undisclosed value. Following the acquisition, Flutter Asia will introduce new freemium feature for its users in Indonesia. Founded in 2012 by David Adrian, PM Jakarta will be rebranded as Flutter Asia. Flutter Asia targets mature users who are looking for serious relationship. In order to ensure security and reliability, users have to upload a copy of professional photo, citizen ID card, driver's license, school certificate, passport, and business card.

by Anisa Menur Maulani
See full article at E27.co

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Match Group Insider Sells $2.3M Worth Of Stock

Posted on May 31, 2017

Match group logo jan 2017THE CERBAT GEM – May 29 – Match Group insider Amarnath Thombre sold 116,126 shares of the company's stock this week. The shares were sold at an average price of $19.63, for a total value of $2.3M. He now owns 50k shares of the company’s stock, valued at $981,500.

by Doug Wharley
See full article at The Cerbat Gem

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Grindr Fully Bought Out By Chinese Tech Firm

Posted on May 25, 2017

Grindr logo new dec 13ECNS.CN – May 25 – Beijing based game developer Kunlun Tech already bought 61,53% stake in Grindr for $93M in January 2016. On Tuesday, the company announced that it will buy the remaining 38,74% stake for another $152M. That will make Kunlun Tech the sole owner of the dating app. Grindr currently has more than 27M members from 196 countries (30% of whom are in the US).

by Gu Liping
See full article at Ecns.cn

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