Friday, January 4, 2008

JDate For Sale, Yahoo and News Corp. Interested

Spark Networks, the AMEX-traded parent company of Jewish dating site JDate.com, is shopping itself to potential suitors, reports NYT. Interested buyers are said to include Yahoo, eHarmony, IACI and News Corp.’s MySpace. None of those names are particularly surprising, though it would be interesting if News Corp. tried to play up the social networking potential of the company. Spark Networks sports a market cap of $131 million, a number that has grown steadily in recent weeks, perhaps on anticipation of such a move. While JDate is the company’s most prominent brand, NYT notes that other niche sites in its stable, including AmericanSingles and BlackSingles both have more users. No price tag on the deal is named in the report.
http://www.paidcontent.org/entry/419-jdate-parent-spark-networks-up-for-sale-report/

http://www.nytimes.com/2008/01/04/technology/04deal.html?_r=1&ref=business&oref=slogin

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