GVA.BE – Nov 21 – Deutsche Telekom sells a stake of 70% in its Internet subsidiary Scout24 to U.S. investment company Hellman & Friedman for ~1.5 billion Eur in cash. Scout24 operates sites such as AutoScout24, FinanceScout24, JobScout24, TravelScout24 and FriendScout24, one of the biggest German dating sites.
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PR NEWSWIRE – Nov 13 – Online Buddies, the company behind Manhunt.net, acquired Jack'd, a location based gay dating app. Jack'd, Manhunt, and the Manhunt Daily blog receive a combined 2M unique visits daily, making Online Buddies the largest gay dating company. Jack'd launched in 2010 and since then 5M men have installed the app.
See full article at PR Newswire
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WSJ – Oct 23 – POF has pulled the plug on its offer to buy True.com for $700K after Texas’s attorney general warned that the sale would expose millions of singles to privacy risks.
by Jacob Gershman
See full article at WSJ
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COURTHOUSE NEWS – Oct 22 – True Beginnings filed for Chapter 11 protection in Texas last year, and POF.com agreed to a $700K asset-purchase agreement. Texas Attorney General Greg Abbott has objected to the asset sale due to privacy concerns. "True does not sell members' information to third parties without your permission," the website claims. But True.com's policy goes on to say that member personal information would be considered a transferable asset in the event the website was acquired or its assets sold.
by David Lee
See full article at Courthouse News
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OPW – Oct 22 – LikeBright, a dating sites that connects friends of friends, is acquiring another social dating site Acquaintable. Joel Rodriguez, Co-founder and CEO of Acquaintable, will be joining LikeBright as an advisor.
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JAPAN TIMES – Oct 15 – Mixi was Japan's biggest social network but has been replaced by Gree, Mobage, Twitter, Facebook and most recently Line. Mixi is venturing into the marriage/dating business and will purchase the marriage-support business division from Line in Dec, and Confianza, a dating events company. In Japan online dating is not respected as a business. Japan’s low marriage and birth rate are at crisis levels.
by Akky Akimoto
See full article at Japan Times
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BUSINESS WIRE – Oct 2 – Meetic is going to acquire the assets of e-Kontakt, one of the leading Nordic dating site owned by Intodate International AB. The site launched in 2005. Financial terms of the deal were not disclosed.
The full article was originally published at WSJ, but is no longer available.
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PR NEWSWIRE – Sep 25 – Match.com has acquired all remaining shares held by Marc Simoncini, Meetic's founder, which represent 6.7% of the capital. The average price was €29.5M (€18.75). Match now owns 87.5% of the capital and 88.6% of the voting rights of Meetic. Mr. Simoncini has resigned from Meetic's board of directors. Match intends to launch a voluntary simplified public tender offer for all of the outstanding shares of Meetic at a price of €18.75 per share.
See full article at PR Newswire
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CNW – Sep 18 – POF is acquiring FastLife, the world's largest speed dating and singles event company. "The direction of online dating is undeniably headed towards a merging of the online and offline worlds," said Markus Frind, founder and CEO of POF. FastLife holds ~2,400 events a year. These events have generated annual revenue of ~$2.5M. POF and FastLife will be rolling out singles events in US over the next year. FastLife was created by a husband and wife team, Justin and Annabelle Parfitt. Annabelle will continue as CEO of FastLife, which is branded as Fast Impressions in Australia. POF wants to invest ~$30M in the next 12 months."
The full article was originally published at Yahoo Finance, but is no longer available.
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PRESS RELEASE – July 23 – Avalanche, the company behind Date.com and Matchmaker.com, among others, has acquired Golfmates.com, an online dating site for golf enthusiasts. Golfmates.com is the first sports themed dating site to join Avalanche’s roster of 18 niche and general dating sites. The term of the deal were not disclosed.
The full article was originally published at GolfMates website, but is no longer available.
This post also appears on InternetDatingInvestments.