dating Group has agreed to acquire Datinggroup.in, a holding company for several international dating platforms, in a deal worth $14.9 million.
Datinggroup.in portfolio consists of 13 cultural services, including AsianDating reviews, Amolatina reviews, anastasiadate reviews, zoosk review, dating reviews, charmdate reviews, match reviews
This is the company’s third major acquisition of the year, following the $18 million takeover of slow dating app Once in January 2021 and 51million take over of Cupid Media
After recent successful acquisitions such as dating site, Once and cupid Media, Dating Group will expand its access to user behaviour insights across cultures and geographies. This will enable the team to learn more about social behaviours and the value of meaningful relationships, adding to its social discovery purpose fuelling - and redefining - the future of dating app user experiences.
We find tremendous benefit in economies of scale and cross-marketing. We believe we will see substantial revenue growth on our current platforms and those we are acquiring simply by combining the strengths of both businesses,” said Chief Investment Officer of Dating Group, Bill Alena. “With this acquisition, Dating Group will expand its geographic footprint and enter into new cultural markets to become a major player in the international dating scene.
It expects this latest acquisition of datinggroup.in to increase its revenue to upwards.
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