Match.Com Acquires Dating Sites For $80 Million Cash
July 23, 2 Comments - Author: Simon JohnsonIAC (NASDAQ: IACI) announced that it has signed an agreement to acquire People Media from American Capital Ltd (NASDAQ: ACAS).
People Media had $11.6 million of EBITDA in 2008 and operates 27 dating sites including BlackPeopleMeet.com, SingleParentMeet.com, SeniorPeopleMeet.com, BBPeopleMeet.com and LDSPlanet.com, with a combined 255 thousand paying subscribers.
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Facebook comments:
they should have bought the Friend Finder network before Penthouse did.
It takes all kinds! Live, enjoy!