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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,
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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, DatingGroup 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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