Category: All Acquisitions

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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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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Janis Spindel Decides To Sell 2Love Today Online Dating

Posted on September 14, 2012

2lovetoday logoPR WEB – Sep 13 – 2LoveToday Online Dating, which is Janis Spindel's first online matchmaking site, is ready for sale. She plans to sell 2LoveToday for its development costs of $285K plus 10% revenue for 10 years dropping down to 5% for the next 5 years while leveling off at 1%. This includes a sale, merger, and IPO.

See full article at PR Web

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IAC Buys DateHookup

Posted on August 31, 2012

Datehookup logo Aug 12 useTHE NEXT WEB – Aug 31 – IAC today announced its acquisition of DateHookup.com, a free dating site that claims 1M unique visitors per month. Financial terms of the acquisition were not disclosed. DateHookup was founded by CEO Dustin Weirich in 2002 and has grown to become the 6th most-trafficked free online dating website in the US.

by Robin Wauters
See full article at The Next Web

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FriendFinder Networks Sheds JigoCity Unit

Posted on August 7, 2012

Ffn logoXBIZ – Aug 7 – FriendFinder Networks is dumping its JigoCity division and selling it back to its original owner for $1. FriendFinder last September acquired BDM Global Ventures, parent of JigoCity, in a stock deal that was worth about $4.3M when FriendFinder's stock price was more than double what it is today – 90c as traded on the Nasdaq today. JigoCity, which focuses on "daily deals," operates in such foreign markets as Australia, Brazil, China, Singapore and Taiwan. Recently, it was pulling out of the Hong Kong market. FriendFinder said it would be able to cancel 4.1M of 6.4M warrants with strike prices ranging from $7 to $18 a share issued during the acquisition.

by Rhett Pardon
See full article at XBiz

Mark Brooks: I've seen multiple idating sites start daily deals sites and bail on them now. We just bailed on running Daily Deals Observer. The industry seems mired, and not that interesting really.

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Alma Media Buys Finland’s Largest Dating Site

Posted on August 2, 2012

Ekontakti.fi logoMARKET WATCH – Aug 2 – Alma Media has bought e-kontakti.fi, Finland's largest dating site from the Swedish company Intodate International AB. The value of the deal was not disclosed. E-kontakti.fi has ~35K active members and 11K paying members. Last year, the revenue of e-kontakti.fi was $1.9M Eur.

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

This post also appears on InternetDatingInvestments.

Cupid Ties The Knot With French Peer

Posted on July 24, 2012

Cupidplc logoTHE SCOTSMAN – July 24 – Cupid has bought French peer Assistance Genie Logiciel (AGL) from private equity fund Financiere PES for €3.7M (£2.9M). AGL’s 25 staff in Paris run three websites, two of which – Amour.com and SeRencontrer.com – follow traditional models, while the third, Ulla.com, is “somewhat racier”, analysts said. Cupid does not disclose revenue by country but it is estimated that the revenue run-rate in France prior to today’s acquisition was ~€6M.”

by Peter Ranscombe
See full article at The Scotsman

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This post also appears on InternetDatingInvestments.