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opwmark
PostPosted: Fri Jul 10, 2009 7:33 am 
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Joined: Wed Jun 07, 2006 1:54 pm
Posts: 193
Location: New York
PRESS RELEASE -- July 7 -- Match.com has signed an agreement to acquire People Media, a leading operator of 27 targeted dating sites including BlackPeopleMeet, SingleParentMeet, SeniorPeopleMeet, BBPeopleMeet and LDSPlanet, with a combined 255K paying subscribers. IAC will pay $80m in cash for People Media, which had $11.6m of EBITDA in 2008.

Mark Brooks: Spark Networks is going to have some stiff competition now. Match will be able to circulate traffic around multiple properties and monetize better. That will allow them to get more volume with their improve ARPU. Your comments please.

MORE NEWS @ ONLINE PERSONALS WATCH

_________________
Mark Brooks
Editor, Online Personals Watch
mark@onlinepersonalswatch.com
USA: 212-444-1636, UK: 020 8133 1835
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yorktown
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PostPosted: Tue Jul 14, 2009 9:57 pm 
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Joined: Wed Jun 16, 2004 5:21 am
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Interesting, both companies were present at the iDate conference in Los Angeles, where the buyers and sellers gathering was.

Marc Lesnick
Conference Organizer
Internet Dating Conference
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abigale
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PostPosted: Thu Jul 23, 2009 7:11 am 
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old news :(
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