Category: All Acquisitions

Hungarian Dating Site Enters Foreign Markets

Posted on November 11, 2021

Mötesplatsen logoHUNGARY TODAY – Dating Central Europe Zrt. (DACE), the parent company of top Hungarian dating app Randivonal, and investor Russmedia Equity Partners, are expanding abroad with the acquisition of Mötesplatsen, a premium dating site based in Sweden and Norway. The company aims to create a European network, and an important step in this direction is to buy platforms like the current one in the future. By operating the Hungarian Randivonal and Mötesplatsen in the European dating market, the DACE will now be present in six countries, with $7.8M in consolidated revenue.

by Júlia Tar
See full article at Hungary Today

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Venntro Acquires TheIntro.com, Dating App for Busy Professionals

Posted on October 5, 2021

The Intro bought by Venntro MediaPR NEWSWIRE – The Intro, the Dating App for Busy Professionals which was backed by the VC fund Global Founders Capital, has been acquired by Venntro Media Group. The Intro focusses on giving users dates, not swipes. When users match with someone on The Intro, they can be on a video date within hours. As part of the acquisition, The Intro's co-founder George Burgess will become an Advisor to Venntro Media Group to support their growth into niche dating, social discovery and live streaming apps. Launched in 2003, Venntro.com is the company behind WhiteLabelDating.com, which provides dating software, payment processing, and customer support to marketers who want to run their own dating site.

See full article at PR Newswire

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Matrimony.com to Acquire Leading Wedding Services Aggregator ShaadiSaga

Posted on July 7, 2021

Shaadisaga logo 2021APN NEWS – July 7 – Matrimony.com, India's leading online matrimony company, has signed definitive agreements to acquire a 100% stake in Boatman Tech Private Limited, promoters of ShaadiSaga.com (a Delhi-based fast-growing online wedding services company) as approved by its Board of Directors. Founded in 2015, ShaadiSaga is a leading player in the Wedding Services industry, with 40K vendors across multiple services and catering to customers across 15 major cities in the country. Following this acquisition, ShaadiSaga's founders – Himanshu Kapsime (CEO) and Manish Garg (COO), along with another key leader – Niraj Patel (CPO) will join Matrimony.com in senior leadership roles.

See full article at APN News

See the top news on Matrimony.com

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Krafton Acquired Chatbot Entertainment Startup ‘ThingsFlow’

Posted on July 6, 2021

Thingsflow logoKOREATECHDESK – July 5 – Krafton, the Korean gaming startup behind mobile game PlayerUnknown's Battlegrounds (PUBG), bought a 'chat entertainment content' startup Thingsflow, and in May 2021, it had acquired 'Between', a Korean dating app from Socar subsidiary mobility startup VCNC.

See full article at KoreaTechDesk

See the top news on Between

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Krafton Acquires Korean Dating App ‘Between’

Posted on May 14, 2021

Between logoKOREATECHDESK – May 14 – Krafton, the Korean game startup known for its game PUBG (PlayerUnknown's Battlegrounds), is acquiring 'Between,' a Korean dating app from Socar subsidiary mobility startup VCNC. The amount of the acquisition deal has not been disclosed. Krafton, which is about to go public in H2, is expected to increase its valuation by diversifying its business. VCNC's Between division will be integrated into a newly established subsidiary 'Between Us' by Krafton in March by June. Between is a messenger app for couples developed by VCNC CEO Park Jae-wook in 2011. The app, free to download, lets couples chat, plan dates, share their favorite photos & videos, make voice calls, track anniversaries and special dates, etc.

See full article at KoreaTechDesk

See the top news on Between

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Russmedia Equity Partners Acquires Minority Stake in ICONY

Posted on April 14, 2021

Icony-Logo-FarbePRESS RELEASE – Apr 13 – Russmedia Equity Partners acquires a minority stake in white label dating company ICONY. Schöne Töchter remains the majority owner. Russmedia Equity Partners' portfolio currently comprises 24 platforms in six EU countries. ICONY, based in Reutlingen (Germany), offers partners the opportunity to operate a dating platform under their own brand and domain.

See full article at Russmedia Equity Partners website

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RSVP Acquired by Oasis Founders

Posted on March 12, 2021

Rsvp logo new november 2011OPW – Mar 12 – Dave Heysen and Daniel Haigh sold their company, Oasis, to RSVP, went on to run RSVP and are now acquiring RSVP, which is the hallmark dating brand in Australia. Dave and Daniel are the majority shareholders now. The company is no longer owned by Nine (who bought Fairfax). Watch OPW.news for more information and an expanded post next week.

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Match Group to Acquire Hyperconnect for $1.7B

Posted on February 10, 2021

Matchgroup hyperconnectPR NEWSWIRE – Feb 10 – Match Group is acquiring Hyperconnect for $1.725B in cash and stock. The transaction is expected to close in Q2 2021 pending customary regulatory approvals. Hyperconnect is a leading social discovery and video technology company based in Seoul, South Korea that operates Azar and Hakuna Live. Azar is the highest grossing 1-on-1 live video and audio chat app globally, allowing users to connect with others from around the world, instantly translating voice and text. Since launch in 2014, Azar has tallied 540M downloads. Hakuna Live is an interactive, social live streaming app that enables group video and audio broadcasts with various features including virtual gifting, AR powered avatars, profile enhancements, and communities built around shared interests. Since launch in 2019, Hakuna Live has been downloaded ~23M times with strong momentum in South Korea and Japan. Hyperconnect is profitable and generated ~$200M in revenue in 2020, a 50% increase from 2019.

See full article at PR Newswire

See the top news on Match Group
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Chinese Gay Dating App Blued to Acquire Finka for $36.5M

Posted on November 25, 2020

Blued finka unionCGTN – Nov 25 – BlueCity, the parent company of Blued will acquire Finka, a leading gay social networking app in China targeting younger generations for 240M yuan ($36.5M). It's the second acquisition BlueCity has initiated since the company listed on Nasdaq in July. The transaction is subject to customary closing conditions that are expected by mid-December. The company also bought LESDO, a dating app focused on China's lesbian community, in August. Finka had ~2.7M registered users in 2019. The majority of the app's users are born after 1995 and are from China's first-tier cities. The app allows users to establish social contact and share their daily life through features like matching, private message, posting moments and lifecasting. Blued now has 54M registered users.

See full article at CGTN

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Skye Life Ventures and SuperDate Networks Enter Into Merger Agreement

Posted on September 11, 2020

Skye ventures logoPRESS RELEASE – Sep 10 – Skye Life Ventures Ltd. and SuperDate Networks have entered into an amalgamation agreement. Skye will acquire all of the issued and outstanding common shares of SuperDate. SuperDate, is a private technology company, incorporated in British Columbia, Canada in 2014. SuperDate has developed a niche dating software application that matches users through common interests and activities. It is designed to be the first vertical scrolling dating app showing an array of activities and experiences in and around the user's city. Skye Life Ventures Inc. operates as a holding company acquiring valued-added operating subsidiaries focused in the technology, cannabis and other markets.

See full article at Newsfile

See the top news on Superdate

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