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Category: All Acquisitions

IAC’s Match.com To Acquire Singlesnet

Posted on February 25, 2010

PR NEWSWIRE – Feb 25 – Match.com has signed an agreement to acquire Singlesnet. Terms of the deal are not being disclosed. Greg Blatt, CEO of Match.com said, “While Singlesnet’s traffic is currently in decline, we believe we can reverse that trend, increase the site’s profitability and improve the overall user experience. This is more of a value acquisition than a strategic one, and Singlesnet will predominantly be run as a standalone business. Nonetheless, the addition of the site’s considerable traffic to our existing aggregation of traffic in this single category should open new monetization opportunities for Match.com’s collective portfolio of domestic online dating brands.” 

Adrian Ong, who joined Match from Soulmates Technology, a company acquired by Match.com in 2002, will assume responsibility for Singlesnet. Mr Ong has held various leadership roles within Match.com's International business, primarily in the areas of product and technology, and most recently has led Match.com’s effort to transition its European business to Meetic in connection with its sale last year. Quinn Lipin , Singlesnet's founder, will continue to work for the company in an executive capacity. FULL PRESS RELEASE @ PR NEWSWIRE

Mark Brooks: Traffic is down from over 7 million uniques a month in January 2009 to 4.5 million a month in January 2010 according to Compete. Singlesnet has been rogue-ish in its marketing tactics in the past so its good its coming under Match.com's wing. They can polish the site up and make it less of an embarrassment to the experience that should be 'internet dating,' and then put it to bed.

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Lavalife Is Being Shopped

Posted on February 25, 2010

Lavalife logo new THEDEAL.COM – Feb 12 - Lavalife is being shopped by its owner, online marketer Vertrue. Vertrue paid C$152.5M ($113.9M) to acquire Lavalife in 2004. Vertrue was itself bought out by management, private equity firms One Equity Partners and Brencourt Investors and venture capital firm Rho Ventures for $855M in 2007. Lavalife's Web properties have been on the block for about four months. Lavalife Voice, a phone-based dating service, is not being shopped. Some say the auction has been going on for longer than that. "They've wanted to sell for a while," Noel Biederman, CEO of Avid Life Media, said of Lavalife. "Lavalife is not of great strategic value, and its business is in decline," said Mark Brooks, an industry consultant with Courtland Brooks. The company has not disclosed revenues since it was taken private in 2007. That year it brought in ~$90M. Although online dating giants Avid Life and FriendFinder Networks canceled initial public offerings this month, the space is still ripe for M&A deals, according to Brooks.

See all posts on Lavalife

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Will Match Acquire Yahoo Personals Or Singlesnet?

Posted on February 17, 2010

Match.com logo dalsi OPW – Feb 17 – Match acquired 27% of Meetic in February last year and then acquired People Media for $80 million in July, 2009.   They took a piece of the German market last week by partnering with Neu.de.  Diller showed interest in Yahoo Personals back in April 2009.  Sometime soon, perhaps Match will announce a deal to power Yahoo Personals USA.  Match already powers Yahoo Personals in key European markets.

The real question is, how can you possibly compete with the behemoth Match?  Its has niches with People Media, Europe with Meetic and Yahoo Personals, and growth this season is looking very strong.  I hear concerns about growth stalling for second tier dating sites. However, Piper Jaffray predicts U.S. spending on online dating will reach $1.7 billion by 2013, with $1.2 billion being spent in 2008.  Meanwhile, Forrester expects the market to reach $1.6 billion by 2013, up from an estimated $957 million in 2008. – Mark Brooks

  • See All Posts On Match
  • > Launched in Jan 1998
    - GM for France Interview, Arnaud Jonglez, August 9th, 2008
    - CEO Interview, Thomas Enraght-Moony, June 8th, 2007
    - CEO Interview, Jim Safka, December 27th, 2006
    - CEO Interview, Jim Safka, October 14th, 2005
    • See All Posts On Yahoo Personals
    • > Launched in Nov 1998
      - GM Interview, Egon Smola, January 1st, 2008
      - GM Interview, Lorna Borenstein, October 4th, 2005

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Jonathan Crutchley And Adam Segel, Founder Of Manhunt And CEO Of Online Buddies

Posted on December 14, 2009

Jonathan crutchley adam segel interviewOPW INTERVIEW – Dec 14 – Online Buddies runs Manhunt.net, one of the most prominent gay dating sites. Manhunt recently acquired DList.com, a social networking site for the gay community. We have interviewed the founder of Manhunt, Jonathan Crutchley, and Online Buddies CEO Adam Segel about the merge and their marketing plans for DList.

Mic_35

 

Listen to the interview

For those not familiar with DList, can you describe the site?
Jonathan: DList is a social networking site for younger gay men. Users post videos and music clips and hang out chatting with friends, who could be anywhere, unlike with Manhunt, which was intended for guys to meet each other locally. DList was founded in 2006, and Online Buddies recently acquired it.

How did the idea to acquire DList come about?
Adam: We had been friends with the owners of DList for quite some time, and we were watching the development of the social networking space. Manhunt is more a dating and connections website, while DList is a place for people to meet friends, explore art, music, etc. It was a different offering, and we wanted to make that available to men.

Our ultimate goal is to be the largest and best place for men to meet men on the Internet. If they want to meet each other through a site like Manhunt, then that’s terrific. If they want to meet each other by sharing art, photos and things like that on DList, then that’s fantastic as well. We want to give all the mediums possible for men to be able to interact and meet each other.

How many members does Manhunt and DList have right now, respectively?
Jonathan: Manhunt has at least 2 million member subscriptions. Just under half of those are in the United States, and the rest are international. DList has about 180,000 subscribers at the start, and the idea is to grow it beyond that.

Adam: We have already started marketing DList just this week, and we’ve already quintupled the number of people joining each day.

Jonathan: We’re doing more marketing under the new ownership than the previous owners of DList were able to do.

How are you marketing DList?
Jonathan: It was a couple of years ago, but we advertised Manhunt on MySpace one weekend. On the Friday night the ad appeared, the responses crashed our website. The place to advertise an Internet product is on the Internet.

Adam: We started off by marketing DList through the Manhunt website and to the younger Manhunt members. We’re also marketing DList through events and promotions and through Facebook, MySpace and Google. We also advertise on some adult interest websites. The adult ’tube sites seem to do well for us.

Tell me more about these DList promotional events.
Adam: We work with the gay and lesbian organizations at a lot of different colleges. We’re coming up with some different contests and promotions, like traveling DList parties. We just did our first party at Harvard. It was a joint with MIT, and we had tons of guys come. We want to continue to host these parties at other campuses across the country.

What is the advertising budget for DList?
Adam: Marketing for DList is part of the overall marketing budget for Online Buddies, which is between $3 and $4 million per year.

Who would you consider DList’s competition to be?
Adam: One of them is called Connexion. Another one is called JustGuys.net. But they’re much smaller. Plus, they don’t seem to have the traction that DList has, especially now with the power of Online Buddies behind it and the marketing might we’re able to give it.

How does DList currently make money?
Adam: There are a few people who pay for some premium features. But the vast majority of the site is free, and the revenue is generated through advertising.

Do you plan to make any changes to the revenue model?
Adam: We aim to keep the website free so that more and more guys will use it, and thus we will be able to fund the website with advertising dollars.

We have a steady stream of advertisers now. We actually have advertisers waiting for us to make even more inventory available.

Any changes to current DList content offerings?
Jonathan: I don’t know if we plan any immediate changes in content. I think the first problem will be marketing and increasing the number of subscribers.

Who are some of your advertisers?
Adam: Most of them are through ad networks. In the past, we have worked with American Express, BMW, some of the clothing companies, some movies, etc. Lady GaGa is someone who advertises on our site.

Does Online Buddies offer any packaged advertising deal across all its sites?
Adam: Not yet, but it’s something we’re planning.

See all posts on Manhunt

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Anotherfriend.com Acquires MakeFriendsOnline.com

Posted on November 16, 2009

Anotherfriend makefriendsonline logaOPW – Nov 16 – Gráinne Barry & Kevin Greene, the Internet entrepreneurs behind the Irish dating site AnotherFriend.com, have acquired the UK dating site MakeFriendsOnline.com for an undisclosed sum. MakeFriendsOnline.com has been in operation since 2001 and has featured in the UK top 10 dating sites on occasion. AnotherFriend.com currently has 60% + market share of the Irish online dating market.

See all posts on AnotherFriend
See all posts on Makefriendsonline

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Original Founders Re-Acquire Speed Dating Service From Cupid.com

Posted on October 19, 2009

Cupidcom predating logo PRESS RELEASE – Oct 14 - Pre-Dating.com, the “speed dating” live events service has been re-acquired by its original founders. Pre-Dating.com was a division of online dating site Cupid.com. “In the first week since taking over, we’ve already enacted new changes such as lower pricing, more customer friendly event cancellation policies and stronger joint venture and cross-promotional arrangements", says Sundrea Ryan, COO for Pre-Dating Speed Dating.

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Internet Dating Industry Weekly News 2 Oct 2009 – 3 mins

Posted on October 3, 2009

This is the news for the week of September 26th through October 2nd, 2009. We hope you enjoy the new weekly news format. Here is the news we covered for this week:

 - comScore numbers from iDate London as the first bullet point

 - CourgarLife versus ABC’s “Cougar Town”

 - Men’s Health and Cosmopolitan magazines teaming up to launch dating sites

 - Online Buddies acquires DList.com

 - Interview with Michael Norton of Harvard Business School

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Online Buddies Acquires Majority Stake In Dlist.com

Posted on September 25, 2009

Onlinebuddies logoPRESS RELEASE – Sep 25 - Online Buddies, the parent company of Manhunt, has acquired a majority stake in a social networking site for gay men under age 30, DList.com. As part of the deal, Online Buddies will take over all marketing efforts for Dlist.com. Dlist.com launched in 2006 and similar to MySpace, the site allows members to share music, art, and photos, and build their personal pages.

See all posts on Manhunt

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Ten Announces 40% Stake In Oasis Active

Posted on September 1, 2009

Oasis active logo ASIAMEDIA JOURNAL — Sep 1 – Network Ten is investing in free
Australian dating site Oasis Active. Network Ten currently holds just
under 40% of Oasis Active, with the remainder held by private
investors. Oasis Active commenced operation in April 2008 and its
international network of users is ~998,000, with average monthly growth
of 15% or more than 80,000 users. Oasis Active was developed and is
managed by 3H Group. 3H Group was founded by CEO Dave Heysen and CTO
Daniel Haigh. Mr Haigh previously established one of the largest
international online dating websites, Soulmates Technology, which was
acquired by match.com. FULL ARTICLE @ ASIAMEDIA JOURNAL

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Yahoo! Enters The Middle East Market

Posted on August 27, 2009

Maktoob bentelhalal logo BUSINESS WEEK — Aug 26 – Bentelhalal is a popular matrimonial site within Maktoob, the large Jordanian Internet property Yahoo! said it was acquiring on Aug 25 for what TechCrunch reported to be $85M. The purchase gives Yahoo command of one of the most visited online news portals in the Arab world, with business, finance, games, blogging, and other sites that reach an estimated 16.5M people. Maktoob is largely supported by online ads, which are expected to make up a $142M market among Arabic-speaking countries by 2011, according to Dubai-based Madar Research.

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

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