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How The Owner Of JDate And Christian Mingle Lost At The Business Of Love
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Plans for the deal were previously announced.
If love is a battlefield, then Spark Networks, owner of JDate, Christian Mingle, and a handful of other niche dating sites, is about to get its heart broken. Osmium Partners is almost certain to win the four board seats it is gunning for when Spark holds its annual shareholder meeting next week, sources familiar with the situation said, allowing the activist hedge fund to take control and force a sale of the company.
JDate owner Spark Networks is now in a new relationship
Not many people have heard of Spark Networks , but far more are familiar with what it owns: JDate, ChristianMingle and a host of other sites like SilverSingles. JDate, especially, would seem to be one of the success stories of online dating. High brand recognition. Stories about happily married couples who met on the site. And last year, with the acquisition of JSwipe, it branched out into the Tinder-like market of users who swipe left or right to find love.
Looking for Mr. Goodbuyer
Spark Networks SE is a global dating company with a portfolio of brands designed for singles seeking serious relationships. The deal increased Spark's global monthly paying subscribers to over 1 million. Zoosk is an online dating service available in 25 languages and in more than 80 countries. Initially launched in , ChristianMingle. The site serves singles who are looking to date and marry within the Christian faith. Christian Mingle has over 9 million registered members. The plot of the film Christian Mingle features the website. Launched in , Jdate.
JDate claims that JSwipe has violated its trademark, in its use of the letter J, according to Forbes.
By Kaja Whitehouse. One of the two Spark directors who was re-elected, Thomas Stockham, resigned on Thursday, creating a new opening on the board. A Spark spokesman declined to comment. Direct marketing expenses as a percentage of revenues grew to a whopping 75 percent in , up from 27 percent in , Osmium has said.
Spark Networks to Pay Fine, Refunds for Automatic Credit Card Renewals
EliteSingles is designed for educated and successful single professionals seeking a committed, long-term relationship with someone who fits their high demands. Its users benefit from a smart matchmaking system that provides them with quality matches. This is why EliteSingles is the platform of choice for those successful professionals who have already experienced serious relationships, know what they want, and are ready to love again. Available in more than 80 countries and translated into 25 languages, Zoosk is a truly global brand that resonates with singles worldwide. Christian Mingle is the leading Christian dating site for single men and women looking for a God-centered relationship. What sets us apart is our ability to help our members make quality connections. We feature robust profiles and personalization features to help members connect with other like-minded members. Plus, our suite of powerful communication tools help members meet more people and make deeper connections. Jdate is the leading Jewish dating site for single Jewish men and women looking to make a great connection with other Jewish singles. Take the personality test and find truly compatible matches.
Spark Networks
This copy is for your personal, non-commercial use only. That could be the motto of JDate, a notable, small-scale success story in the online dating industry and the prime asset of obscure Spark Networks ticker: LOV because of its status as the main venue for single Jews searching for Jewish spouses. That committee recently disbanded after considering various strategic options. Although near-term prospects for a takeover have dimmed, Spark shares look reasonably priced, based on the company's profits, solid balance sheet and JDate's franchise value. Osmium Partners, a San Francisco investment firm that owns 6. Management needs to figure out a way to unlock value. JDate is the go-to site for serious Jewish daters. It's so familiar to its target audience that Spark spends very little on advertising and marketing. In contrast, general dating sites spend heavily on TV and Web ads to continually attract new users, as existing ones find significant others or let their memberships lapse. Its targeted spending includes a big digital billboard in Times Square, showing a succession of apparently happy couples who met on the site.
