Spark Channels SE closes their $258M acquisition of relationship brand name Zoosk

Berlin-based Ignite Communities, the owner of market relationship software names like Christian Socialize, Jdate, LDSsingles, Gold Singles, JSwipe and others, today announced this has received Match competitor Zoosk getting a combo of cash and you will stock. The offer cuban dating apps beliefs Zoosk on just as much as $258 mil.

Ignite says it can matter twelve,980,one hundred thousand American Depositary Offers (ADS) to former Zoosk investors cherished at the $153 million based on the closing price of Ignite Advertising of $ with the . The offer offers for the money thought out-of $105 million, subject to changes, and is financed of the a unique $125 mil elder safeguarded borrowing from the bank studio, the company states during the a release. Continue Reading