Category: ParPerfeito

PRESS RELEASE – Mar 10 - As announced on 4th February 2010, Meetic
and Match.com, a subsidiary of IAC, signed a strategic agreement to
create a joint venture in Latin America. As foreseen by this agreement,
Meetic and Match.com have thus contributed their respective activities
on the South American continent to the new entity: Meetic’s ParPerfeito
site and Match.com’s activities in other Latin American countries.
Following the deal, Match.com and Meetic each own 50% of the new joint
venture’s equity, whilst Match.com will control the entity’s operations. Read the full press release HERE.

See all posts on Match.com
See all posts on Meetic 
See all posts on ParPerfeito

PRESS RELEASE – Feb 4 - Meetic and Match.com will contribute their
respective properties in South America to the new joint
venture: Meetic’s Brazilian site, ParPerfeito, and Match.com’s
activities in other South and Latin American countries. Match.com and
Meetic will each own 50% of the economic interest in the entity, and
Match.com will control the new entity’s operations. Match.com will pay
Meetic $3M in cash at the closing, which is expected by March 15,
2010. Meetic’s participation is subject to put-and-call rights that can
be triggered beginning in the fourth year, whereby Match could purchase
Meetic’s stake at fair market value at that time. An additional payment
of $1.5M could be triggered at that time. Read the full press release here.

Mark Brooks: Match.com operates in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela. It
also owns Netclubencuentro.com, but this website looks to be down now. It was working ~2 months ago when we were researching the South
American market. The South American idating market skews a lot
younger, and has low registration to paying member conversions. Its
still a growth market, a few years behind the USA market growth curve.

See all posts on Match.com
See all posts on Meetic