Match.com acquires Singlesnet
After days of rumors, it’s been confirmed that online dating site Match.com has acquired Singlesnet for an undisclosed sum. Match.com says the acquisition is more a “value acquisition than a strategic one”, and assures that Singlesnet will continue to operate independently.
Last year, Match.com bought another competitor, People Media, for a cool $80 million. The Singlesnet deal is rumored to be half that.
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