Category: All Acquisitions

Paktor Acquires Casual Dating App Down

Posted on January 21, 2017

Down paktor logosTECH CRUNCH – Jan 21 – The terms of the deal weren't disclosed, but the price was reportedly "several million". Colin Hodge, the founder and CEO of Down, will join the Paktor team and will run Down and Sweet apps. He will also be overseeing Paktor Labs and be responsible for acquiring other apps, amongst other things. Down started in 2013 (as Bang With Friends) and grew to 5M downloads, about 200k MAU and $1M annual revenue from in-app purchases.

by Katie Roof
See full article at Tech Crunch

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Bae Was Acquired By If(we), Parent Company Of Tagged

Posted on January 5, 2017

Bae screenshotsFAST COMPANY – Jan 5 – Bae, the dating app for African-American millennials, was just acquired by if(we), the parent company of Tagged. The Bae name is being retired and its users will be streamlined into Tagged and its global dating pool. Bae was cofounded in 2013 by tech-savvy brothers Brian and Justin Gerrard, and friend Jordan Kunzika. Bae (Before Anyone Else) received 17K downloads in its first month. Brian and Justin will move to San Francisco to lead marketing and growth across if(we)'s entire portfolio, which includes Tagged, Hi5, Fandom, and new social streaming site WeChill.

by Lindsay Goldwert
See full article at Fast Company

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Wixty Acquires Brazilian Dating Platform, Kingr

Posted on December 26, 2016

Kingr wixty picBUSINESSWORLD.IN – Dec 25 – The deal was worth $150k and was made in cash. Kingr, a dating platform for Christians in Brazil, was founded in Dec 2015, and currently has 48k users, out of which 20k are active. Wixty is a 4 years old Delhi based software company. The plan is to expand the operations to USA, UK, India and eventually all over the world.

See full article at Businessworld.in

This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Shaadi.com Acquires Dating App Frivil

Posted on December 20, 2016

Frivil logoVCCIRCLE – Dec 20 – People Group, the owner of online matchmaking site Shaadi.com, has acquired Frivil, a dating app owned by Delhi-based Thrill Pte Ltd. for an undisclosed amount. In January 2015, People Group had acquired 25% stake in the company for $1M and in a related deal, Fropper, owned by People Group, was brought under Thrill. Frivil's product, intellectual property rights and brand will become part of People Group, however the dating app will continue to operate as a separate entity from Shaadi. Frivil's founders Josh Israel and Devin Serago will help to integrate the app into the new parent company, but will not be joining the firm.

by Priya Prasad
See full article at VCCircle

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Dating App Paktor Acquires Photo-Sharing And Live Streaming App 17Media

Posted on December 8, 2016

Paktor logo new jan 16CHANNELNEWSASIA – Dec 8 – Paktor has agreed to acquire a controlling stake in Taiwanese start-up 17 Media, which owns a photo-sharing and live streaming app that has ~15M users worldwide. The deal marks Paktor's first acquisition and comes as the homegrown start-up looks to diversify into the social entertainment space. Following the acquisition, Paktor Group CEO Joseph Phua will take on the role of CEO at 17 Media, while Mr Jeffrey Huang, founder of 17 Media, will remain as chairman. Paktor is a mobile dating app which offers users to find partners by swiping right to "like" potential matches or left to "reject". The app has amassed ~15M users and operates in six Southeast Asian countries and Taiwan.

See full article at ChannelNewsAsia

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

M14 Acquires Double

Posted on November 22, 2016

M14 double logosBQ – Nov 22 – M14 Industries, the white label platform used to power niche dating apps, has acquired London-based dating platform Double, which shot to fame in 2015 after a successful Dragon's Den appearance. Double is a dating app which encourages users to find a friend, and look for double dates. The app has secured a £75k investment from Moonpig founder Nick Jenkins on the BBC show Dragon's Den in 2015. Under the terms of this deal, the value of which is undisclosed, the Double founders will exit the business.

by Suzy Jackson
See full article at BQ

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Summarized by the Courtland Brooks team

Alibaba Is Selling Momo’s Shares

Posted on November 18, 2016

Momo logoSEEKING ALPHA – Nov 17 – Momo's founder aims to continue forward as a standalone listed company following the termination of its buyout bid earlier this year. Momo suddenly called off its privatization this year without further explanation. Alibaba has sold off some of its stake in Momo. The sale reduced Alibaba's sizable Momo stake to 23.2%. Alibaba said in a statement that Momo has been a good investment, and it continues to remain a supportive shareholder.

by Doug Young
See full article at SeekingAlpha

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Summarized by the Courtland Brooks team

Hong Kong’s DateTix Bought Thailand Dating App Noonswoon

Posted on November 16, 2016

Datetix noonswoon logosE27.CO – Nov 15 – The deal is worth $212k in stock considerations and will allow Noonswoon to continue Thailand operations. Prominent investors in Noonswoon include GoldenGate Ventures and 500 Startups. This allows DateTix to expand into Southeast Asia through Thailand and will create a revenue boost through Noonswoon's user-base of 1,600 paying users.

by Kevin McSpadden
See full article at E27

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Summarized by the Courtland Brooks team

MeetMe Closes Skout Acquisition

Posted on October 6, 2016

Meetme skout logosNASDAQ – Oct 5 – The two companies had entered into a cash-stock acquisition deal in June. The deal was valued at $54.6M, of which MeetMe paid $28.5M in cash, and the rest in stock. In May 2016, Skout had 3.5M MAU. Last year, it had garnered $28.5M in revenues. Skout's Q3 2016 revenues are expected to be ~$6.6M. Meetme expects revenues for 2016 to come between $73.5M and $75.5M.

See full article at Nasdaq

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Summarized by the Courtland Brooks team

EliteSingles Is Acquiring French Dating Site Attractive World

Posted on October 5, 2016

Attractiveworld logoCITYAM – Oct 4 – Affinitas GmbH, the parent company of the premium dating service EliteSingles, has acquired French dating site Attractive World. Attractive World also operates in Belgium, Luxembourg and Switzerland. ~2M singles have applied to the site since its creation in 2007.

by Jack Palmer
See full article at CityAM

Update: EliteSingles paid between 10M – 20M Eur for Attractive World. Attractive World was launched in 2007 by Ludovic Huraux. The site raised 5.3M Eur between 2007 – 2011 and claimed profitability in 2013.

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team