GLOBE NEWSWIRE – Jan 11 – Northsight Capital has completed its acquisition of Crush Mobile. Crush Mobile, which claims ~900K users, has developed a group of dating sites with a presence in the Latino, Israeli and African American communities. Northsight Capital has a portfolio of online marijuana-related sites. Northsight is currently seeking additional acquisitions in the Cannabis Media space.
See full article at Business Insider
SCMP – Nov 21 – PAG Asia Capital, one of Asia's largest investment firms, has closed a deal to acquire a controlling stake in Zhenai.com, China's largest online matchmaking and dating service provider. The transaction size was not disclosed. Founded in 2005 by Li Song, a former Morgan Stanley executive director, Zhenai.com now boasts ~140M registered users. It is expected to generate revenues of ~1.6B yuan and a net profit of ~200M yuan ($30M) in 2017, according to the company. This compared to the 51.4M yuan ($7.7M) in 2015 net profit of Jiayuan.com, a major rival of Zhenai. Jiayuan was bought by Baihe.com, another matchmaking website last year, resulting in the country's matchmaking business being mainly split among the three companies.
by Jane Li
See full article at SCMP
See all posts on Zhenai
See all posts on Jiayuan.com
See all posts on Baihe
This post also appears on InternetDatingInvestments.
ACCESSWIRE – Nov 2 – Spark Networks announced the successful completion of the previously announced merger of Spark Networks and Affinitas GmbH ("EliteSingles") in a stock-for-stock transaction. Former EliteSingles stockholders now own ~75% of the combined company and former Spark Networks stockholders own ~25%.
See full article at Spark Networks website
See all posts on Spark Networks
See all posts on EliteSingles
This post also appears on InternetDatingInvestments.
ACCESSWIRE – Nov 1 – The merger agreement was terminated by SNAP due to certain conditions of the agreement that were not fulfilled as of October 27, 2017, which relieved SNAP of its obligations under the agreement. SNAP entered into the agreement in September. The purchase price was ~$34M consisting of ~$20.4M in cash and ~$13.6M in shares of LiveXLive common stock. Snap Interactive will move forward as a stand-alone entity.
See full article at Accesswire
See all posts on Snap Interactive
This post also appears on InternetDatingInvestments.
RELEASEWIRE – Oct 30 – "Founded in 1998, PozMatch.com is one of the oldest online HIV dating sites," explained Suny Smith, PositiveSingles.com spokesperson. PositiveSingles.com has acquired the PozMatch.com domain and trademarks. PositiveSingles.com claims 200k HIV positive members from around the globe.
See full article at Releasewire
See all posts on PositiveSingles
See all posts on PozMatch
This post also appears on InternetDatingInvestments.
BUSINESSWIRE – Oct 20 – The Lovoo app is the most downloaded dating app in Germany, Switzerland, and Austria combined. The acquisition is expected to expand The Meet Group's global footprint, increase the company's scale and profitability. The Meet Group's financial results will be out on November 1.
See full article at BusinessWire
See all posts on The Meet Group
See all posts on Lovoo
This post also appears on InternetDatingInvestments.
GRUENDERSZENE – Oct 5 – Pia Poppenreiter has repurchased all shares of her 'escort' dating app Ohlala from all shareholders. Ohlala is a German dating app that allows users being paid (100 – 200Eur) for going on a date. The app was founded by Pia Poppenreiter and Torsten Stüber, and raised 1.7M Eur in 2015 to expand into USA and other cities in Germany. However the app failed to monetize and an argument broke out among Ohlala's angel investors, who paralyzed the startup for almost a year. Pia Poppenreiter says she is currently not focusing on investing new capital from investors. She wants to focus on the future and build a new team for Ohlala.
by Christina Kyriasoglou
See full article at Gruenderszene
This post also appears on InternetDatingInvestments.
BUSINESSWIRE – 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
PR 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
See all posts on Snap Interactive
This post also appears on InternetDatingInvestments.
LEDGER 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
This post also appear on InternetDatingInvestments.