BBC – July 4 – IAC has sold the business to the asset management firm that specializes in tech. Ask.fm's Latvia-based management blogged that Noosphere was committed to keeping its 150M members safe. "Noosphere is committed to remaining vigilant on safety, and ensuring the progress made to date stays core to our DNA moving forward."
Category: All Acquisitions
DateTix Buys Lovestruck
AAP – 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
BUSINESSWIRE – 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
NECONNECTED.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.
by Vicky Randall
See full article at NeConnected.co.uk
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Sam Yagan Sells 200K Shares Of Match Group
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
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
PRESS 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
INSIDERMONKEY – 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
DATING 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
FRANKLININDEPENDENT – 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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