The parent business regarding the popular Jewish on line site that is dating has placed it self on the block, people near the auction stated Thursday, and is currently in speaks with a few prominent news businesses.
Wanted: Single dot-com Yenta seeks committed Mr. Big with deep pouches for the relationship that is long-term.
The parent business of this popular Jewish on line site that is dating has placed it self on the market, people near the auction stated Thursday, and it is already in speaks with a few prominent news organizations.
The master of JDate.com, Spark Networks, which has lots of online individual internet sites aimed at religious, cultural along with other unique passions, is with in very early speaks with suitors such as Yahoo; eHarmony; IAC/InterActiveCorp, the Barry Diller business that has Match.com; and MySpace, that will be area of the News Corporation, these folks stated.
Stocks of Spark, which trades beneath the ticker LOV, have jumped significantly more than 20 per cent in present months. Its stocks shut yesterday at $4.90, giving the organization a market worth of $131.4 million. Analysts proposed that the suitor might pay just as much as $185 million when it comes to company.
Some industry professionals, nonetheless, have actually questioned the companyвЂ™s growth leads; its income expanded only 5 % from 2005 to 2006.
On the web sites that are dating exploded in appeal in the last few years as both younger and older generations have actually flocked for them as well as other social networking sites to fulfill people. Social networking sites created almost $650 million a 12 months in sales.
But development has slowed after year-over-year gains in excess of 70 per cent early in the ten years. Jupiter analysis, an internet firm that is consulting stated the marketplace expanded 10 % in 2006, to $649 million, and it is prone to develop 8 percent per year until 2011.
For Spark, that was started in 1997 in your home of Joe Y. Shapira, a purchase is the culmination of many years of expanding the company by beginning and purchasing the web sites like AmericanSingles.com, 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 personal web web sites behind Yahoo Personals, Match.com web 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 perform the purchase procedure, people briefed from the auction stated.
A spokesman for Spark, Gail Laguna, failed to get back duplicated demands remark.
JDate is now an element 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 greatest exemplory instance of an effective niche dating internet site from the planet,вЂќ said Mark Brooks, whom follows the industry and it is writer of your blog OnlinePersonalsWatch.com.
вЂњItвЂ™s a really target that is attractiveвЂќ Mr. Brooks stated, incorporating that for social web internet sites to work effectively, вЂњthe big internet internet sites have to get bigger.вЂќ
вЂњThe more individuals on a niche site, the greater the website provides.вЂќ
Despite every one of the promotion around JDate, it’s not 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 competitors such as the device Match.com unit of IAC, analysts state Spark would bolster company, and can provide more niche groups to its 20 million users. Spark may also give a service that is personal MySpace and an all natural expansion for eHarmony, that has concentrated strictly on its high-end registration solution and falls directly behind Spark, with total traffic of 2.18 million.
Nearly all of SparkвЂ™s web web web sites enable users to create adverts, but users cannot react to them with no membership.
Parent of online dating sites actively seeks a Match
The moms and dad business associated with the popular Jewish on line dating site JDate has placed it self on the block, people near the auction stated Thursday, and it is currently in speaks with a few prominent news organizations.