Match.com acquires Singlesnet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

 
ACQUISITION 
FDN Database Reference:  F231109-340
 
Acquirer:  Match.com (an operating business of IAC/InterActiveCorp (Nasdaq: IACI))
ACQ Web:  http://www.match.com
Location:  USA, Dallas, TX
Region:  North America
Description:  Match.com – launched on the Web in 1995 and operates some of the leading subscription-based online dating sites in 25 countries, in 8 languages and spanning five continents, as well as oversees its ongoing investment in Meetic.  Match.com also powers online dating on MSN across Asia, Australia, the United States and Latin America. Match.com is an operating business of IAC ( IACI). IAC – operates more than 50 leading and diversified Internet businesses across 30 countries.
Category:  Dating
Contact 1:  Greg Blatt, CEO
Contact 2:  Adrian Ong will assume responsibility for Singlesnet
 
Vendor:  Singlesnet
Vendor Web:  http://www.singlesnet.com
Location:  USA, Needham, MA
Region:  North America
Description:  Online dating Web site, launched in 1998. Members can search for and communicate with thousands of singles across the United States. Singlesnet connects singles via instant messaging, online forums, emails and chat rooms.
Category: Dating
Contact:  Quinn Lipin, founder and CEO
  
Aprox. Value:  Undisclosed
 
Details:  Match.com, an operating business of IAC (Nasdaq: IACI),  has signed an agreement to acquire Singlesnet, one of the most visited online dating sites in the United States. According to Greg Blatt, CEO of Match.com, it is more of a value acquisition than a strategic one, and Singlesnet will predominantly be run as a standalone business.
 
Link: Press Release

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s