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Category: All Acquisitions

Grindr’s Sale To Chinese To Signal A Boon For Gay Dating Apps?

Posted on January 20, 2016

Grindr iphoneSBS – Jan 20 – Despite homosexuality only being decriminalised as recently as 1997 and the scene still largely underground due to social stigma, Grindr is actually not even the most popular gay dating app in China. Blued claims more than three million daily users and is expected to soon become a publicly-listed company. Grindr claims to have a presence in 196 countries around the world and is used in countries where homosexuality is illegal or considered taboo. In the second half of the 2014-15 financial year, Grindr said its users in India grew by nearly 50% from the same period the year prior.

by Genevieve Dwyer
See full article at SBS

See all posts on Grindr
See all posts on Blued

Summarized by the Courtland Brooks team

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China Videogame Developer Buys Grindr

Posted on January 14, 2016

Kunlun ceoCANADA JOURNAL – Jan 13 – Beijing Kunlun Tech, which is run by billionaire Zhou Yahui, paid $93M for a 60% controlling stake in the company – a significant sum for what is Grindr's first outside investment. Zhou Yahui, is a relatively unknown name in the tech scene but has made a $2.8B fortune through free-to-play online videogames and an extremely successful IPO on Shenzhen's ChiNext stock exchange.

See full article at Canada Journal

See all posts on Grindr

Summarized by the Courtland Brooks team

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Grindr Sells 60% Of Stake To Chinese Company

Posted on January 13, 2016

Grindr screenshotNYTIMES – Jan 11 – Beijing Kunlun will acquire 60% of Grindr, with the remainder to be owned by Grindr employees and Joel Simkhai, the company's founder. Grindr sees 2M regular visitors every day, who spend ~54 minutes using the app. Grindr's revenue was ~$32M in 2014, up 29% from $25M in 2013.

by Mike Isaac
See full article at NYTimes

See all posts on Grindr

Summarized by the Courtland Brooks team

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Gay Dating App Grindr Gets $93M Investment From A Chinese Company

Posted on January 12, 2016

Grindr logo new dec 13LATIMES – Jan 12 – Gay dating app Grindr has handed majority ownership to Chinese gaming company Beijing Kunlun World Wide Technology for $93M valuing Grindr at $248M post-investment. Grindr had been exploring a sale or fundraising round for much of last year.

by Paresh Dave
See full article at LATimes

See all posts on Grindr

This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

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Jiayuan.com Shareholders Approved Merger With Baihe Subsidiaries

Posted on December 30, 2015

Jiayuan baihe logosPR NEWSWIRE – Dec 28 – Jiayuan.com shareholders voted overwhelmingly in favor of the merger with LoveWorld and FutureWorld. Of the 56.7% of ordinary shares voted, 97.5% backed the deal, expected to close in Q1.

See full article at PR Newswire

See all posts on Jiayuan.com
See all posts on Baihe

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A Major Shareholder At Spark Networks Is Buying Shares

Posted on December 30, 2015

Sparknetworks logo new Jan 13ANALYSTRATINGS – Dec 28 – A major shareholder at Spark Networks, Lloyd I. Miller, bought shares of LOV for $820.6K. Lloyd I. Miller increased his holding by 8.04%. Over the last month, Lloyd I. Miller has reported 6 Buy trades on LOV for a total of $162.5K.

by George Macdonald
See full article at AnalystRatings

See all posts on Spark Networks

This post also appear on InternetDatingInvestments.

Summarized by the Courtland Brooks team

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“Double” Dating App Co-founders Said Yes To £75K For 15% Of Their Company

Posted on December 27, 2015

DragonsdenBBC – Dec 27 – Gary McDonagh, Loren Gould and Ben Greenock, co-founders of dating app Double, dressed in heart printed suits to pitch their group dating idea to investors in today's Dragon's Den episode. The location based dating app allows two friends to search for other pairs to arrange a double date. The trio was looking for £75K investment in return for a 10% stake in the business. They accepted £75K for a 15% stake in the business from Nick Jenkins. Congrats!

by Emma Powell
See full article at Evening Standard

See all posts on Double

This post also appear on InternetDatingInvestments.

Summarized by the Courtland Brooks team

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Spark Networks Paid $7M For JSwipe

Posted on December 14, 2015

Spark networks jswipe logosSEEKING ALPHA – Dec 14 – Spark Networks paid $7M for a Jewish dating app JSwipe to boost its younger demographic in the Jewish Networks segment. JSwipe has ~450K users. Spark Networks pursued a patent infringement claim against then-competitor JSwipe in 2014. What started as a lawsuit ultimately ended in a key acquisition for Spark Networks.

See full article at SeekingAlpha

See all posts on Spark Networks
See all posts on JSwipe

This post also appear on InternetDatingInvestments.

Summarized by the Courtland Brooks team

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Lloyd Miller Now Holds 10.29% Of Spark Networks’ Shares

Posted on December 9, 2015

Sparknetworks logo new Jan 13FINANCIAL MAGAZINE – Dec 9 – Lloyd Miller is an insider in Spark Networks who is the latest to acquire shares in the corporation for which he is the current major shareholder. Lloyd has 2.66M shares right now (10.29% of Spark Networks' Market Cap). Osmium Partners holds 11.2%.

by Sally Goff
The full article was originally published at Financial Magazine, but is no longer available.

See all posts on Spark Networks

This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

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Mamba Acquired Premium Dating Site Teamo

Posted on November 2, 2015

Teamoru logoIZVESTIA – Nov 2 – Mamba has acquired 100% of Russian dating site Teamo.ru. The amount was not disclosed but experts estimate it at $25-40M.

by Vladimir Zykov
See full article at Izvestia

See all posts on Mamba
See all posts on Teamo.ru

This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

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