Acquisitions

Back in February of 2009 Match.com sold its European Operations to Meetic. Well according to Informatica, a independent provider of data integration software, they completed the post-merger integration of Match.com in Europe with Meetic 40 percent faster than by using a home grown solution. It took only 4 months on the Informatica Platform.

The data, which required integration from Match.com in Texas (Orcale Databases) to Meetic in Paris, included millions of profiles from 15 countries. Photos from the profiles as well as all messages were migrated over as well. All this integration was done seamlessly and without interruption to any online services.

To find out about the dating site, you can read our Match.com UK review.

Yesterday the United Kingdom dating company EasyDate announced that it has acquired Allegran's online dating services from Associated Northcliffe Digital. This will add another 5 dating sites to EasyDate's network to a total of 12 and give them over 3 million additional members (most from the UK) to a total of 9 million. The Allegran dating website portfolio includes GirlsdateForFree.com, Loopylove.com, Quickflirt.com, DatingForParents.com and MatureDating.co.uk.

EasyDate started their international expansion in 2009 and plan to continue this year by exploring other English speaking markets like India, mainland Europe and Brazil.

It looks like the rumor was true (see Story), Match.com released a press release yesterday which confirm that they have made a deal to acquire the dating site Singlesnet.com. Financial terms of the deal have yet to be released but Match CEO Greg Blatt did state that Singlesnet will continue to be run largely as a standalone business. Adrian Ong of Match.com will be taking over the helm from the previous owner of Singlesnet, Quinn Lipin. Mr Lipin will still continue to work for Singlesnet.com as an executive.

Singlesnet was once the most visited dating site in the USA back in December 2008. Since then traffic has slowly declined with a major drop happening in February 2009 from 7 million unique visitors to just under 5 million.

During a conference call about the IAC/InterActive Q1 2009 Earnings report, the owner of Match.com and CEO of IAC, Barry Diller, mentioned they had been talking to Yahoo about the possibility of purchasing their dating site, Yahoo! Personals (see Story).

With this latest news article from Bloomberg it looks like Mr. Diller is not planning to make any new purchases anytime soon.

Diller said in an interview yesterday that he has no plans to make any major acquisitions ... Diller said he would rather invest in IAC’s businesses than acquire large media companies, which he sees as overvalued.

Diller also mentioned at the Goldman Sachs Group Inc. Communacopia conference in New York, that IAC has too much cash at the moment but he doesn't see a better return than investing in their own businesses. At the beginning of July 2009, IAC had $1.61 billion in cash and $95.8 million in long-term debt. The New York based company had also repurchased $300 million in stock since August 2008. Since the beginning of this year IAC stock has risen 31 percent to close above $20.

In my opinion these statements by Diller while not mentioning Yahoo Personals directly, makes it clear he has no plans to buy the dating site. By purchasing Yahoo Personals he would be investing in the dating industry, but not directly into one of his existing businesses which is what Barry Diller says he plans to do.

For more information on the dating sites mentioned, read our Match.com review and our Yahoo Personals review.

American Capital Ltd. announced on Thursday that it has completed the sale of People Media to IAC (Match.com's parent company). American Capital received $57 million in cash proceeds and will receive an additional $15 million in the third quarter, to complete the deal. This makes the total sale worth $72 million USD. This is $8 million less than was stated when IAC announced the agreement earlier this month (see Story).

For the full story, read NW32.com.

People Media was recently purchased by Match.com's parent company IAC (see Story) which prompted me to look for further information about this company. They were founded in 2002 and now have almost 4 million unique visitors with 550 million page views per month, when you combine all of their dating sites traffic together. As a comparison, Match.com had roughly 5.5 million unique visitors last month. ComScore lists 6 of People Media's dating sites in their top 50 dating site list. BlackPeopleMeet is People Media's largest online service which averages over 167 thousand visitors a day and just shy of 1 million unique visitors in a month. 44 percent of BlackPeopleMeet members are male and 56% are female. This is pretty close to the average of People Media's top 10 dating sites gender ratio of 47 percent Male and 53 percent female.

People Media also currently has existing partnerships with the Steve Harvey Morning Show and AOL Personals, to power a number of their dating communities.

To find out more information, including traffic stats broken down by individual dating site, read the People Media 2009 Advertising Kit.