Category: All Acquisitions

Facebook Might Be Buying Bang With Friends For $30 Million

Posted on April 2, 2013

Bangwithfriends logoTECH2 – Apr 2 – It looks like it is time for Facebook to immerse itself into the world of dating. Rumours have emerged that Facebook might be mulling over buying controversial app Bang With Friends. The purchase of Bang With Friends will officially mark Facebook’s foray into the world of online dating. Using the app, users can figure out people in your friend list who could potentially be up for sexual encounters. Facebook also apparently tried to clone the product before approaching the founders of Bang With Friends. Yahoo too seems to have Bang with Friends on its radar as a possible acquisition.

by Nishtha Kanal
The full article was originally published at Tech2, but is no longer available.

Meetic Bought Swedish Dating Site SprayDate

Posted on February 28, 2013

Spraydate logoMY NEWSWEEK – Feb 28 – Meetic has signed an agreement for the acquisition of SprayDate, Swedish dating site owned by Keynote Media Group. SprayDate started 12 years ago and was the Swedish pioneer of online dating. The cost of the acquisition has not been disclosed. Philippe Chainieux, Meetic's CEO said in a statement: "The acquisition will consolidate Meetic Group's leading position in Sweden, where online dating service will be continued through the Match.com brand.

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

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This post also appears on InternetDatingInvestments.

Jiayuan.com Acquires Its Aging Rival

Posted on February 19, 2013

Juedui100 logoMORNINGWHISTLE – Feb 19 – Jiayuan.com has bought competitor juedui100.com. Juedui100.com, established in 2005 has in the past reported ~8M registered users. However, it has suffered from business difficulties so that by the end of 2010, no more than 20 employees were still employed. Experts seem to not be very optimistic about the acquisition. The acquisition will not effectively increase the number of validated users for jiayuan.com. Jiayuan.com should focus on the growing market such as the development of mobile clients instead of acquiring an aging rival. At present, the Chinese online dating market is divided by three giants – jiayuan.com, baihe.com and zhenai.com.

The full article was originally published at Morning Whistle, but is no longer available.

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SpeedDate.com Sold To IAC

Posted on February 7, 2013

Screen Shot 2013-02-07 at 2.56.29 PMOPW – Feb 7 – SpeedDate.com, the online webcam enhanced speed dating service that launched in 2007, has been sold to IAC. Terms of the deal were not disclosed. We will update this post with more information later. 

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This post also appears on InternetDatingInvestments.

Pair Buys UK’s Cupple And Rebrands As Couple

Posted on February 4, 2013

Couple app screenshotTECH CRUNCH – Feb 3 – Tenthbit, the mobile app studio behind the couples app Pair, has bought Cupple, a UK-based rival mobile app for two people only, and has rebranded itself as Couple. Financial terms of the deal were not disclosed. Tenthbit raised a seed round of $4.2M in May 2012. Cupple will, for now, remain as a standalone app, but users will have the ability to migrate their data to Couple from Cupple if they choose. Cupple did not disclose current usage figures, downloads or geographical reach. Pair meanwhile notes 1.25M messages sent every day, 160m messages between couples to date and 800K downloads.

by Ingrid Lunden
See full article at Tech Crunch

Meetic Acquires Twoo.com

Posted on December 22, 2012

Meetic twoo logosPRESS RELEASE – Dec 21 – Meetic has signed an agreement for the acquisition of Massive Media, the company behind Twoo.com. Twoo is a social discovery service. Since launching in April 2011, Twoo has leveraged their organic and viral growth to build a global audience of 9.6M unique visitors1 in October 2012 and is available in 38 languages worldwide. Meetic will acquire 100% of the Company's capital and voting rights for 18.9M Euro cash. IAC/InterActiveCorp is Meetic's main shareholder, with an 81% stake.

See full article 4-Traders

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This post also appears on InternetDatingInvestments.

Cupid To Launch Shares Buyback

Posted on December 3, 2012

Cupidplc logoHERALD SCOTLAND – Dec 2 – Cupid is seeking to inject some life into its moribund share price by launching a multi-million pound buyback of its own paper. Cupid said it is to hold a shareholder meeting on December 19 "to apply for shareholder approval for a share buyback programme of up to 10% of the issued share capital of the company". With a market value ~£150M, this suggests Cupid could spend upwards of £15M on the exercise.

by Tim Sharp
See full article at Herald Scotland

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CrossDating.com, German White Label Dating Platform, Merges With Dating Factory

Posted on November 22, 2012

Datingfactory crossdating logosPRESS RELEASE – Nov 21 – As part of the ongoing internationalization Dating Factory has acquired German White Label Dating platform – CrossDating. The CrossDating.com acquisition will ensure DatingFactory.com's continued strong growth in the DACH markets, said Tanya Fathers, CEO of Dating Factory. The terms of the acquisition were not disclosed. Both co-founders Lutz Obermann and Marcel Knass will remain with the company as Country Manager DACH and Product Manager, respectively.

See full article at Pressebox.de

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Cupid’s Finance Director Ditches Shares Post-exercise

Posted on October 25, 2012

Cupidplc logoSHARECAST – Oct 25 – Mark Doughty, the Finance Director of Cupid, pocketed a significant sum of money on Tuesday after trading in 610,228 shares. The shares were sold at 202.08p, earning him a total of £1.2m. Mark Doughty now holds 24,650 ordinary shares, equal to 0.03% of the issued share capital of the company and holds a further 777,667 share options in the company.

See full article at ShareCast

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Cupid Buys Uniform Dating For £7 Million

Posted on September 14, 2012

Uniformdating logoSCOTSMAN – Sep 14 – Cupid Plc has sealed a deal to buy site Uniform Dating for £7M. Cupid will pay £3.6M up front and a further £3.4M depending on Uniform Dating’s performance. Uniform Dating has recently launched in the US, Canada and Australia. The latest takeover follows July’s £2.9M acquisition of French peer Assistance Genie Logiciel, which operates sites including Amour.com. Last year Cupid snapped up a number of Portuguese-language website operators in Brazil.

by Peter Ranscombe
See full article at Scotsman

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This post also appears on InternetDatingInvestments.