ANALYSTRATINGS – 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
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BBC – 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
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SEEKING 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
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FINANCIAL 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.
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IZVESTIA – 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
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MARKETWIRED – Oct 14 – Spark Networks, owner of JDate.com, is acquiring Smooch Labs, the owner of a millennial Jewish dating app – JSwipe. JSwipe now boasts ~450K downloads worldwide and ~40M messages between users. It plans to offer premium, paid features. The purchase price will be recorded in Spark's Q4 2015 financial statements. The founders of Smooch will join Spark Networks as a subsidiary of the company and will continue to play an active role in managing the JSwipe product.
See full article at Marketwired
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PROACTIVEINVESTORS – Oct 2 – Founded in 2013 and based in Hong Kong, DateTix is a dating app for people to host, discover, and go on real life dates. Enverro is the developer of a cloud-based workforce management platform designed specifically for the energy, construction and resources sectors. The company is acquiring DateTix for 12.5M ($0.40/per share) shares and 12M performance shares that vest on three key milestones.
See full article at Proactive Investors
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PRESS RELEASE – Oct 1 – Lunch Actually, Singapore based high-end matchmaking company, has acquired MeetNLunch, the number one matchmaking service for busy professionals in Thailand. This acquisition comes after Lunch Actually Group's recent launch of its dating app, LunchClick, in April 2015, as well as its expansion into Jakarta in October 2014. To date, LunchActually has ~400K members. Last year their revenue grew ~50% and hit a new revenue milestone of $5M. MeetNLunch has been connecting singles in Thailand since 2006.
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PR NEWSWIRE – Sep 15 – Agile Wings, the Internet investment/incubator firm, has bought DatingFactory, a white label dating provider, for an undisclosed sum. Tanya Fathers, Dating Factory's co-founder & CEO said: "We are really excited to be acquired by Agile Wings, as they can take Dating Factory to the number one position in the industry." Tanya Fathers and Lisa Moskotova (COO) will continue in their current positions.
The full article was originally published at CBS8, but is no longer available.
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PRWEB – Sep 9 – Cuddlr, the cuddling app, is rebranded as Spoonr, and got acquired by Hiplex, a NYC-based company that also operates Tryster, a check-in based dating app.
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