THE 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
This post also appears on InternetDatingInvestments.
ECNS.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
This post also appears on InternetDatingInvestments.
BANGALORE MIRROR – May 25 – Popular Indian music label and film production company acquired a stake in French dating app. Neither the stake nor the amount paid for it were disclosed. Tulsiram Naidu of Lahari said they were approached to buy a stake. "It is a low-risk venture which is already profitable. So there was no saying no to it," Naidu said.
See full article at Bangalore Mirror
This post also appears on InternetDatingInvestments.
NEWSWIRE – May 8 – Northsight Capital is acquiring Crush Mobile Apps, in an all-stock transaction. Crush Mobile, with approximately one million members, has developed a group of dating sites Latino, Israeli and African American communities. Crush will also be incorporating Northsight's "Joint Lovers" dating app, which concentrates on the Cannabis space, into its portfolio.
See full article at Digital Journal
This post also appears on InternetDatingInvestments.
PRESS RELEASE – May 8 – South East Asia's largest dating company, Lunch Actually Group, has acquired Indonesia's biggest dating service, Setipe. Both Lunch Actually Group and Setipe has been targeting singles who are looking for serious relationship. Founder and CEO of Setipe, Razi Thalib, and his team will join the 110 people-strong team of associates (also known as Cupids and Transformers) at the Lunch Actually Group.
See full article at Internet Dating Newswire
See all posts on Lunch Actually
See all posts on Setipe
This post also appears on InternetDatingInvestments.
ACCESSWIRE – May 2 – German dating company Affinitas, which operates premium online dating platforms EliteSingles, eDarling and Attractive World, is merging with Spark Networks. The newly formed company will be named Spark Networks SE and will be headquartered in Berlin, and maintain a significant U.S. presence with offices in New York City and Lehi, Utah. The combination will create a company with ~$115M of pro forma combined revenue over the twelve months. EliteSingles shareholders will own ~75% of Spark Networks SE and Spark shareholders will own 25%. Jeronimo Folgueira, CEO of EliteSingles, will serve as CEO and Robert O'Hare, Spark's CFO, will continue in that role with the combined company. Michael Schrezenmaier, Managing Director of EliteSingles, will become COO. The Board of Directors will be comprised of seven directors, including three to be selected by EliteSingles, one to be selected by Spark, and three to be mutually agreed upon by EliteSingles and Spark.
See the full article at Internet Dating Newswire
See all posts on Spark Networks See all posts on eDarling
See all posts on EliteSingles See all posts on AttractiveWorld
This post also appears on InternetDatingInvestments.
LGBT WEEKLY – Mar 17 – Terms of the deal were not disclosed. Pink Triangle Press already owns another gay dating app, Squirt.org, along with other brands serving the gay community. "This acquisition is part of our long-term goal to have greater exposure for Pink Triangle Press and to further grow and expand into an entirely new segment through the GuySpy social network and mobile app", according to David Walberg, Digital Media Chief Executive for Pink Triangle Press.
by Steve Lee
See full article at LGBT Weekly
This post also appears on InternetDatingInvestments.
TECH CRUNCH – Mar 7 – The deal is worth $60M in cash, partially funded by a $30M loan from JP Morgan. Tagged and Hi5 will both remain their own distinct brands. If(we) reported $44M revenue in 2016, with 56% coming from mobile and claimed to have 5.4M MAU, with 18k new users coming every day. The company managed to raise $28.7M. After the merger, the combined company will have 10.6M MAU and nearly 1.1M DAU. MeetMe expects If(we) to add $9M to its earnings over the next 12 months.
by Josh Constine
See full article at Tech Crunch
See all posts on MeetMe
See all posts on Tagged / if(we)
This post also appears on InternetDatingInvestments.
by Li Dongmei
See full article at ChinaMoney Network
This post also appears on InternetDatingInvestments.
TECH CRUNCH – Feb 16 – Tinder is acquiring an L.A.-based startup called Wheel, which had developed a social network for sharing Snapchat-like videos. Wheel was originally founded in 2015, when it was then called Ferris. The company had raised $2M in 2015. However, Wheel did not became a breakout success. According to data from App Annie, the app was ranked #574 in the Photo & Video category on the App Store. Following the acquisition, Wheel's founding team will join Tinder, including CEO Paul Boukadakis, CTO Chris Shaheen, Joey Boukadakis and Brian Daugherty. Boukadakis will be VP of Special Initiatives at Tinder, and Shaheen will be a senior engineer. Tinder did not share what specific plans it had for video.