Category: All Acquisitions

DateTix Buys Lovestruck

Posted on July 1, 2016

Datetix lovestruck logosAAP – July 1 – DateTix Group will buy Hong Kong, Singapore and UK-based online dating platform Lovestruck for 2M shares and an earn-out consideration of $270K. The purchase will increase DateTix's active user base by 259%. Lovestruck had revenues of $2.3M in 2015, with 96% coming from recurring membership subscriptions. The company will look to localise Lovestruck for the Chinese market, whilst launching DateTix into Europe via Lovestruck's UK footprint.

The full article was originally published at News.com.au, but is no longer available.

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MeetMe To Acquire Skout

Posted on June 27, 2016

Meetme skout logosBUSINESSWIRE – June 26 – MeetMe, a public social discovery service, is acquiring Skout for $28.5M in cash and ~5.37M common shares of MeetMe. Skout is a mobile app for meeting new people with 2015 revenue of $23.8M and 3.5M monthly active users. Skout is adding 42K new users each day on average. Key highlights of the expected scale of the new combined company include: Mobile MAU of 8.5M, an increase of 69% from MeetMe's 5M in May 2016; mobile daily active users of 2.1M, an increase of 73% from MeetMe's 1.24M in May 2016. Geoff Cook, CEO of MeetMe, said, "We believe this combination provides a pathway to $100M in revenue in 2018 with adjusted EBITDA margins approaching 45%."

See full article at BusinessWire

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Widernet (ChristianConnection.com) Acquires Web Development Company Pigment

Posted on June 27, 2016

Widernet logoNECONNECTED.CO.UK – June 24 – London-based Widernet Communications has acquired web development company Pigment Ltd.  Widernet (est. 1999) runs niche online dating sites such as ChristianConnection.com and a matchmaking site for graduates, Ivorytowers.net. Pigment was established in 2008 by Widernet directors Erica Turner, Jonathan Williams and Sam Olive.  The team at Pigment developed and maintained the Widernet websites.

by Vicky Randall
See full article at NeConnected.co.uk

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Sam Yagan Sells 200K Shares Of Match Group

Posted on June 8, 2016

Match group website screenshotTHE MARKET DIGEST – June 8 – The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $13.24 per share for a total value of $2,648,000.00, the company said in a SEC Form 4 Filing.

by Bill Collins
The full article was originally published at The Market Digest, but is no longer available.

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Lloyd Miller Purchases More Shares Of Spark Networks

Posted on June 3, 2016

Sparknetworks screenshotFRANKLIN INDEPENDENT – June 2 – The Spark Networks' major shareholder obtained 167,464 shares worth close to $251,179, based on the avg. market share price which is $1.5 for a share. It seems he is very active lately as in the last 30 days, he silently acquired additional 186,501 shares of the company, worth $410,303. Lloyd now holds 3.46M shares (12.52% of Spark Market Cap).

The full article was originally published at Franklin Independent, but is no longer available.

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Asian Paktor Acquired Latin American Dating App Kickoff

Posted on May 31, 2016

Kickoff paktor logosPRESS RELEASE – May 31 – Kickoff, the Latin American dating app which connects friends of friends, has been acquired by Paktor, the mobile dating and social networking brand for singles in Southeast Asia and Taiwan. Financial terms of the transaction were not disclosed.

The full article was originally published at Kickoff website, but is no longer available.

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Match Group Plans To Sell $400M Of Notes In Private Offering

Posted on May 26, 2016

Match group website screenshotINSIDERMONKEY – May 25 – Match Group has agreed to sell $400M in aggregate principal amount of 6.375% senior notes due 2024 in a private offering to qualified investors. The offering should close by the first of next month. Match plans to use the money raised to repay certain existing indebtedness.

See full article at InsiderMonkey

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Agile Wings Acquires Love Systems

Posted on May 26, 2016

Agilewings lovesystems logosDATING FACTORY – May 25 – Agile Wings (Parent company of Dating Factory), an international business incubator for the marketing and dating technology sectors, has acquired Love Systems. Founded in 2006, Love Systems is a US based company that offers a range of dating and lifestyle products and services, using eBooks, video courses and live training, tailored to single professional men 25+.

The full article was originally published at Dating Factory website, but is no longer available.

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Lloyd Miller Keeps Buying Shares Of Spark Networks

Posted on May 20, 2016

Sparknetworks screenshotFRANKLININDEPENDENT – May 18 – Lloyd Miller now serves as a major shareholder of the public company. Lloyd Miller presently owns 3.29M shares or 14.33% of the company's total market cap. Osmium Partners holds 14.98% of its portfolio in Spark Networks.

The full article was originally published at Franklin Independent, but is no longer available.

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Mazama Capital Management Invests $2.1M In Match Group

Posted on April 21, 2016

Match group website screenshotTHE VISTA VOICE – Apr 19 – Mazama Capital Management bought 157K shares of Match Group, valued at ~$2.1M. Mazama Capital Management owned 0.06% of Match Group as of its most recent filing with the SEC. RS Investment Management Co. LLC acquired shares valued at $16M, Schroder Investment Management Group bought $15.6M worth of shares; Jennison Associates – $14M; BlackRock Advisors LLC $12M. Manning & Napier Advisors – $10M.

The full article was originally published at Vista Voice, but is no longer available.

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