PAID CONTENT - Mar 3 - PE firm Grant Great Hill Partners, which might be best known for buying (and then selling) IGN, wants to take online dating company
Spark Networks private. Great Hill, which bought a minority stake in Spark Networks in late 2005 and now owns about a quarter of the company’s stock, is offering to buy the shares it does not own in a deal that would value the company at ~$64M. Spark Networks says it has formed a special committee of its independent directors to review the proposal and “any other potential business combination.”
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Mark Brooks
Editor, Online Personals Watch
mark@onlinepersonalswatch.com
USA: 212-444-1636, UK: 020 8133 1835