AshleyMadison – Page 12 – Online Personals Watch

AshleyMadison.com Seeks IPO In London

Posted on April 15, 2015

BOSTON GLOBE – Apr 15 - AshleyMadison.com wants to pursue an IPO in London this year. Avid Life Media, the site’s parent company, which failed with a previous IPO attempt in Canada, said it is looking to raise ~ $200M. The company wants the new funds for marketing and international expansion. AshleyMadison has 36M members in 46 countries. While the US accounts for ~50% of its business, Europe is the only region where the company has a real chance of doing an IPO because of its more liberal attitude towards adultery. The company has also set a target that 50 – 60% of its sales will come from Asia by 2020, including Japan, Taiwan, and South Korea.

by Kristen Schweizer
See full article at Boston Globe

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Ashley Madison Drops Korean Lawsuit

Posted on April 9, 2015

THE CANADIAN PRESS – Apr 8 - Ashley Madison has dropped its lawsuit against the government of South Korea after a court in that country overturned a decades-old law banning adultery. Ashley Madison launched in South Korea at the time when adultery was illegal, and was shut down shortly after. The website has now been restored.

See full article at Globe and Mail

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AshleyMadison Reopens In S. Korea

Posted on March 11, 2015

YONHAPNEWS – Mar 10 - Ashley Madison has resumed service for local customers under a new domain – http://www.ashleymadison.co.kr after the country's top court abolished a decades-old anti-adultery law late last month.

See full article at YonhapNews

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Adultery Is Legal In South Korea, And AshleyMadison Wants Back In

Posted on March 2, 2015

FUSION – Feb 28 – A top court ruled on Thursday that the decades-old law, which made infidelity a crime that could land offenders in prison for up to two years, is outdated. It could mean the return of AshleyMadison.com which briefly operated in the country before it was shut down for breaking the infidelity law. AshleyMadison actually filed a lawsuit against South Korea and CEO Noel Biderman is not prepared to drop it quite yet. “If I’m not instantly turned back on, I might have to consider my actions,” he said.

by Danielle Wiener-Bronner
See full article at Fusion

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Which Dating Sites Received The Best And Worst PR In 2014?

Posted on February 7, 2015

CB – Feb 7 – A lot of companies that traditionally receive a lot of press hits appeared to be lacking this year, including POF, Badoo, SNAP Interactive and Zoosk. Tinder got the most press coverage in 2014, followed by Match.com. Articles mainly highlighted Tinder's impressive growth. It also scored some negative press, most notably the Whitney Wolfe lawsuit. We heard a little less about eHarmony last year, but they still received solid press coverage thanks to their new eH+ service and the announcement of a plan to launch a "jobs matchmaker". OkCupid, as usual, made the list along with AshleyMadison, Grindr and Hinge. There were also companies with more sad than good news. Cupid was one of them. They sold their casual dating sites in 2013, posted weak 2013 annual results, tried unsuccessfully to revive their business, and even launched new services such as LoveBeginsAt and dating app Tangle. In December the news came out that the company decided to sell the remaining mainstream dating sites and quit the dating business. It was not an easy year for Spark Networks either. After some bad news for investors, a fight between the company leadership and Osmium partners began, ending in July with Osmium appointing 4 new directors to the Spark´s board. CEO Greg Liberman left the company in August and layoffs began in September.

Read the full post on CourtlandBrooks blog

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AshleyMadison.com Keeps Making Money

Posted on February 3, 2015

FORBES – Feb 9 – Avid Life Media is a privately held Toronto holding company that owns Ashley Madison, CougarLife and other dating sites. Avid Life Media grossed $115M for 2014, up 45% from the $78M it grossed in 2013. Pretax profits will come in at $55M. Worldwide, Ashley Madison has had 31M total users over its lifetime, with 6.8M active users. CEO Noel Biderman says his company is worth $1B. Match.com is worth $3.8B, or 12 times estimated 2015 operating earnings, and Tinder $1.3B, or 18 times estimated earnings. A sale would be a healthy but not crazy-big payday for Biderman. He owns just over 10% of the firm after selling off most of it in a $40M round in 2007. Ashley Madison launched in Israel, Hong Kong, Turkey and India in 2014 and is launching next in Thailand, with plans afoot for Russia, Ukraine and Nigeria.

by Adam Tanner
See full article at Forbes

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Risk Factors For Cheating: Age, Gender And Relationship Satisfaction

Posted on January 28, 2015

WSJ – Jan 26 – People are more likely to cheat on a partner in the year before a milestone birthday, according to researchers who worked with Ashley Madison. This suggests that there is roughly a 10-year cycle for heightened risk of infidelity. Here are the risk categories. People who engage in infidelity typically fall into more than one.

Gender – Men are more likely to cheat.
Age – Not only 9-enders are at heightened risk of cheating. People 35 – 50 tend to be focused on careers and kids. So people younger or older have a greater chance of cheating.
Opportunity – Researchers call this “environmental” risk. For example: traveling frequently without a spouse put people at a heightened risk for infidelity.
Relationship Dissatisfaction

by Elizabeth Bernstein
See full article at WSJ

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Ashley Madison Lawsuit Dismissed

Posted on January 20, 2015

CTV NEWS – Jan 18 – The legal battle between the Canadian dating site and a former employee who claimed she was injured typing up fake profiles of women has come to an end. The parties agreed to the move after the court threatened to dismiss the suits with costs, noting the cases still hadn't been placed on a trial list more than two years after the initial lawsuit was filed.

by Paola Loriggio
See full article at CTV News

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Philippines Seeks To Block Ashley Madison

Posted on December 2, 2014

AFP – Dec 3 – The Philippine justice secretary is seeking to block Ashley Madison in the country – under charges it facilitates crime. AshleyMadison officially launched in Philippines last week. The population is largely Roman Catholic and divorce is illegal. Adultery also remains against the law in the Philippines, even though it has largely been un-enforced and is a country where many powerful men flaunt their mistresses.

See full article at Insig.com

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AshleyMadison Launches In Philippines

Posted on December 1, 2014

ABS-CBNEWS – Nov 28 - Ashley Madison is currently available in 44 countries worldwide. It has been banned in South Korea and Singapore. After the Philippines, Ashley Madison will be launched in Turkey, a mostly Muslim country.

by Karen Flores
See full article at ABS-CBNews

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