Category: All Acquisitions

Cupid’s Shares Dropped 24%

Posted on December 8, 2014

Cupidplc logo new dec 12DAILYRECORD.CO.UK – Dec 8 – Cupid's shares dropped 24% on Monday on the announcement it plans to sell off its remaining dating sites as it looks to reclassify as an investment company. Cupid has agreed to sell off its core dating sites Cupid, UniformDating and LoveBeginsAt, to Tradax IP Licensing, Together Network Holdings and Together Networks for £3M. It also proposes to rename itself Castle Street Investments plc if plans to reclassify as an investment company are approved.

by Scott McCulloch
See full article at DailyRecord.co.uk

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This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

IAC Acquires Mobile App Developer Apalon

Posted on November 4, 2014

Iac logoSEEKING ALPHA – Nov 3 – Apalon is a Belarus-based mobile app development firm. Apps developed by Apalon include Weather Live and Notepad+. The terms of the deal were not disclosed.

by Eric Jhonsa
See full article at Seeking Alpha

This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Venture Group Benchmark Takes Small Stake In Tinder

Posted on October 31, 2014

Tinder itsamatchWSJ – Oct 28 – Silicon Valley venture-capital firm Benchmark has taken an equity stake in Tinder and general partner Matt Cohler will join its board. The companies didn’t disclose the size of the stake, but Re/Code reported Benchmark didn’t invest any money. Instead, a small stake will be traded for Mr. Cohler’s time and expertise. the publication said.

by Lauren Pollock
See full article at WSJ

Mark Brooks: This is a good sign. A major VC taking a stake in a dating app. This bodes very well.

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This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Lunch Actually Buys LOLA Dating App

Posted on October 16, 2014

LOLA screenshotTECH IN ASIA – Oct 16 – Mobile dating app Love Out Loud Asia (LOLA) received seed funding from FatFish Medialab, made 350K matches, and paired over 10Ksingles across Southeast Asia. This acquisition arms Lunch Actually for the first time with a mobile-oriented service. The LOLA team will launch a new version of app in early 2015 for both iOS and Android.

by Terence Lee
See full article at Tech in Asia

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Kestrel Swoops On Cupid Dating Shares

Posted on October 16, 2014

Cupidplc logo new dec 12HERALD SCOTLAND – Oct 16 – Kestrel is likely to have spent ~ £165K buying an additional 750K shares, increase its holding in Cupid to more than 13.9M shares (19.54% of the business). Cupid's shares closed up 0.25p, or 1.1%, at 23p, which means Kestrel's stake is worth more than £3M.

by Greig Cameron
See full article at Herald Scotland

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This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Online Buddies Bought Gay App Dandy

Posted on September 10, 2014

Onlinebuddies logo new Nov 13WINDY CITY TIMES – Sep 10 – Online Buddies, parent company of gay dating site Manhunt.net and social-dating app Jack'd, announced the acquisition of the gay mobile app Dandy.

by Andrew Davis
See full article at Windy City Times

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This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Tastebuds To Acquire Dating Startup moosify

Posted on August 26, 2014

Tastebudsfm logoPR WEB – Aug 26 – Music-based dating service Tastebuds will acquires moosify, another music-based dating site that matches people with similar musical preferences.

See full article at PR Web

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FlikMedia Acquires Flikdate

Posted on August 5, 2014

Flikdate logoPR NEWSWIRE – Aug 4 – FlikMedia (formerly Crossbox) has acquired Flikdate through a merger transaction. Flikdate has developed a mobile video speed dating app. FlikMedia wants to be a platform for video based interaction and communication, well beyond the internet dating industry.

The full article was originally published at CNN Money, but is no longer available.

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Spark Networks Insider Unloads $128k Shares

Posted on July 28, 2014

Sparknetworks logo new Jan 13WKRB13 – July 24 - Spark Networks insider Gregory J. Franchina sold 21.528 shares of the company’s stock on the open market. The stock was sold at an average price of $5.95, for a total value of $128,091.

by Kristian Gore
The full article was originally published at WKRB13, but is no longer available.

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Match.com Acquires FriendScout24

Posted on July 18, 2014

Friendscout24 neu.deWUV.DE – July 17 – Match.com, which operates in Germany under Neu.de, has bought FriendScout24 from Scout24 Holding. The investment firm Hellman & Friedman, which is the majority owner of Scout24, wants to focus primarily on their real estate brand ImmoScout24. In November last year, Hellman & Friedman took over 70% of the shares of Scout24 Holding from Deutsche Telekom for 1.5B Eur.

by Leif Pelikan
See full article at WUV.de

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This post also appears on InternetDatingInvestments.