Category: All Acquisitions

Matrimony.com Buys Dating App Matchify

Posted on April 7, 2015

Matchify screenshotMEDIANAMA – Apr 7 - Matrimony.com has bought Bangalore based Matchify, a dating app that especially focuses on women with features like verified profiles, secure chat, profile visibility, abuse reporting and blocking. Matrimony.com was founded by Murugavel Janakiraman in 2008, and received venture funding worth $11.75 M from Yahoo! and Canaan Partners. Matrimony.com runs BharatMatrimony.com, a flagship matchmatching network. Earlier this year, BharatMatrimony’s competitor Shaadi.com had invested an undisclosed amount in dating app Thrill.

by Sneha Johari
See full article at Medianama

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This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Oakley Capital Bought German Dating Site Parship

Posted on April 2, 2015

Parship logo Sep 16PRESS RELEASE – Apr 2 – Oakley Capital bought Parship, one of the leading online dating services in Europe, from the founding company Holtzbrinck Digital. The transaction is expected to close in May. Parship was founded in 2001. The company saw ~60M Eur in revenues in 2014, an increase 35% YOY. Oakley Capital, headquartered in London, is a private equity firm which focuses on investments in telecommunications, information technology and media.

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This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Marketing Software Firm HubSpot Buys Dating App Rekindle

Posted on March 26, 2015

Rekindle logoBOSTON BUSINESS JOURNAL – Mar 24 – Rekindle is a Boston-based mobile app that allows users to discover friends of friends and connect with them. The app launched last fall and is backed by Google Ventures and FKA Atlas, the tech-investment arm of Cambridge-based Atlas Venture. The terms of the deal were not disclosed. Rekindle will be shut down and HubSpot will be leveraging the mobile app's back-end technology. HubSpot is a Cambridge-based marketing and sales software firm.

by Sara Castellanos
See full article at Boston Business Journal

This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Spark Networks Director Purchases 10,000 Shares Of Stock

Posted on March 18, 2015

Sparknetworks logo new Jan 13THE LEGACY – Mar 18 – Director Lee K. Barba purchased 10K shares of the company’s stock on the open market. The shares were purchased at an average price of $3.78 per share, with a total value of $37,800.

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This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Jiayuan.com’s Proposal Of “Going Private” And Departure Of Director

Posted on March 3, 2015

Jiayuan logo new Aug 13PR NEWSWIRE – Mar 3 – Jiayuan.com's Board of Directors has received a preliminary non-binding proposal letter from Vast Profit Holdings Limited that proposes a "going-private" transaction involving the acquisition of all of the outstanding ordinary shares of the Company not already owned by Vast Profit at $3.58 per share. Vast Profit completed its acquisition of 8M ordinary shares of the Company from Aprilsky Ltd. on Mar 2, 2015. Ms. Gong resigned from her position as a director of the Company, effective immediately, and will no longer hold the position of Co-Chairman of the Board. Ms. Gong will continue to serve as a consultant to the Company.

See full article at MarketWatch

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Shaadi.com Takes 25% In Thrill

Posted on January 26, 2015

Peoplegroup logoECONOMIC TIMES – Jan 26 – People Group has bought about 25% stake in dating applications maker Thrill in a cash and stock deal valued at close to $1 million. As a part of the transaction, Mumbai-based People Group has also merged its dating platform Fropper with Delhi-based Thrill Applications.

by Harsimran Julka
See full article at Economic Times

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Crowd Mobile Buys Hong Kong Start-up Kiss Hugs

Posted on January 23, 2015

Kisshugs logoSOUTH CHINA MORNING POST – Jan 22 – Kiss Hugs, a mobile dating app, was launched in November 2013 and Hong Kong-based angel investor Bigcolors took a 12.5% stake in the company a month later, providing most of its seed capital. With the sale of Kiss Hugs, Bigcolors has made a return of 5.6 times on its investment in the space of a year. Crowd Mobile notes that Asia is an attractive market for its high level of smartphone usage and significant growth in in-app spending.

by Howard Winn
See full article at South China Morning Post

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Mail.ru To Sell Stake In Mamba

Posted on January 14, 2015

Mamba logoTELECOMPAPER – Jan 13 - Mail.ru owns a 31.19% stake in the dating service, and Russian company Finam owns the rest and is considered a potential buyer. Experts estimate Mamba is worth RUB 4-5 billion.

See full article at Telecompaper

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Tinder Acquires Ephemeral Messenger Tappy

Posted on January 13, 2015

Tinder tappyTECH CRUNCH – Jan 12 - Tinder has just closed its first acquisition and purchased Chill, creators of Tappy, as part of a strategic acquihire. The terms of the deal were not disclosed. Tappy, which received more than $10M in funding and pivoted out of Chill, will be shut down. Tens of thousands of users on the platform will have to find a new favorite chat app. But at Tinder, there won’t be any competition over energy or resources between two separate products.

by Jordan Crook
See full article at Tech Crunch

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Cupid Investor Ups Stake Ahead Of Disposal Vote

Posted on December 12, 2014

Cupidplc logo new dec 12FINANCIAL TIMES – Dec 12 – Richard Griffiths, the former chairman of Evolution Securities, has raised his stake in Cupid to above 10%, as the company nears a crucial vote on December 23 to offload its websites and turn into a shell company. Cupid has proposed to sell its dating websites, including Cupid.com and Uniformdating.com, to Tradax and Together Networks, which are chaired by Max Polyakov.

See full article at Financial Times

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Summarized by Courtland Brooks Internet Dating Marketing Consulting