The moms and dad business associated with popular Jewish on line dating site JDate has placed it self up for sale, people near to the auction stated Thursday, and it is currently in speaks with a few prominent news organizations.
Desired: Single dot-com Yenta seeks committed Mr. Big with deep pouches for a long-lasting relationship.
The moms and dad business of this popular Jewish on line dating site JDate has placed it self up for sale, people near the auction stated Thursday, and is currently in speaks with a few prominent news organizations.
The master of JDate.com, Spark Networks, which owns a large number of online sites that are personal at religious, cultural along with other special passions, is with in very very very early speaks with suitors offering Yahoo; eHarmony; IAC/InterActiveCorp, the Barry Diller company that has Match.com; and MySpace, which will be an element of the News Corporation, these individuals stated.
Stocks of Spark, which trades underneath the ticker LOV, have jumped a lot more than 20 per cent in current months. Its stocks shut at $4.90, giving the company a market value of $131.4 million yesterday. Analysts recommended that the suitor might pay just as much as $185 million for the business.
Some industry professionals, but, have actually questioned the companyвЂ™s growth leads; its income expanded just 5 % from 2005 to 2006.
On the web sites that are dating exploded in appeal in the past few years as both younger and older generations have flocked in their mind as well as other social support systems to meet up people. Internet sites produced almost $650 million an in sales year.
But development has slowed after year-over-year gains greater than 70 per cent at the beginning of the ten years. Jupiter Research, A internet consulting company, said industry grew ten percent in 2006, to $649 million, and it is expected to develop 8 % per year until 2011.
A purchase is the culmination of years of expanding the organization by beginning and purchasing the web sites like AmericanSingles.com for Spark, that was were only available in 1997 in your home of Joe Y. Shapira BlackSingles.com, ChristianMingle.com and LDSMingle.com, and others.
In accordance with comScore Media Metrix, Spark had 2.45 million unique site visitors in November 2007, ranking it number 4 among individual internet internet sites behind Yahoo Personals, Match.com internet internet internet sites and Singlesnet.com. Spark reported $6.56 million in net gain with income of $68.85 million for 2006. The organization has hired AGM Partners, a boutique investment bank dedicated to news organizations, to operate the purchase process, individuals briefed regarding the auction stated.
A spokesman for Spark, Gail Laguna, failed to get back duplicated demands remark.
JDate happens to be area of the vernacular on sitcoms and programs like вЂњThe day-to-day Show.вЂќ It really is commonly considered the model for online sites that are personal.
вЂњJDate is the better exemplory instance of a effective niche dating website regarding the planet,вЂќ said Mark Brooks, whom follows the industry and it is writer of your blog OnlinePersonalsWatch.com.
вЂњItвЂ™s a really appealing target,вЂќ Mr. Brooks stated, adding that for social internet internet web sites to work efficiently, вЂњthe big internet internet sites have to get bigger.вЂќ
Despite most of the promotion around JDate, it isn’t among SparkвЂ™s most trafficked web web sites. AmericanSingles, with 1.96 million unique users, is its site that is top by BlackSingles with 574,000; bbwpersonalsplus with 241,000; and ChristianMingle at 215,000. JDate had 117,000 users that are unique November.
For rivals such as the device Match.com unit of IAC, analysts say Spark would bolster business, and can provide more niche groups to its 20 million people. Spark may also supply a individual solution for MySpace and a normal extension for eHarmony, that has focused strictly on its high-end membership solution and falls directly behind Spark, with total traffic of 2.18 million.
Nearly all of SparkвЂ™s web internet web sites allow users to publish advertisements, but users cannot react to them with no registration.