Spark Networks SE closes its $258M acquisition of matchmaking brand Zoosk
Berlin-based Spark Networks, the master of specific niche matchmaking software companies like Christian Mingle, Jdate, LDSsingles, sterling silver Singles, JSwipe among others, today established it’s got acquired complement opponent Zoosk for a variety of money and stock. The offer appreciates Zoosk at around $258 million.
Spark states it will probably question 12,980,000 United states Depositary companies (advertising) to former Zoosk investors valued at $153 million using the closing price of Spark ADS of $11.78 on June 28, 2019. The deal additionally offers funds consideration of $105 million, susceptible to change, which will be financed by a fresh $125 million senior guaranteed credit establishment, the firm claims in a release. Continue Reading
