The newsroom for the people building the dating industry.
This Week in Dating Business
The Romance Scam Prevention Act Is Now Law. Dating Apps Have Until October 2027.
Match and Grindr Report Next Week. Here Is What to Watch.
States Challenge Character.AI's Sale Process Ahead of October 30 Hearing
Match Group Partners With India's Cybercrime Centre on Romance Scam Warnings
Three Plead Guilty in $9 Million Romance Fraud Case Built on Fake Dating Profiles
- M&AStates Challenge Character.AI's Sale Process Ahead of October 30 Hearing
California and other states objected on October 23 to Character.AI's proposed bidding procedures in Chapter 11, asking the court to give rival bidders a fair shot against Disney's $20 million offer.
M&ABumble Agrees to Go Private at $6.05 a Share, More Than Double Its Pre-Deal PriceBumble agreed to be taken private by Ithaca Holdings for $6.05 a share in cash, valuing the company at $1.3 billion, about 138% above its unaffected price.
M&ABumble's Public Shareholders Will Not Vote on the Sale. Two Holders Already Did.Blackstone and Whitney Wolfe Herd approved Bumble's sale by written consent, Wolfe Herd is rolling her stake into the buyer, and Blackstone sold shares at about $2.94 two weeks before the $6.05 deal.
M&AGrindr Pays $250 Million to Become a Healthcare CompanyGrindr agreed to buy Freddie parent PurposeMed for $250 million in cash and stock, plus up to $70 million in earn-outs, to sell HIV prevention care inside the app.
M&ABlackstone Keeps Selling Bumble, Now at Its Lowest Price YetBlackstone sold about 4.8 million more Bumble shares on September 28 at roughly $2.94, its third quarterly sale this year and the lowest price yet.
M&AA UK Dating App With 25,000 Users Wants a Buyer, No EconomicsUK dating platform launched in 2021 has put itself up for sale, citing 25,000 registered users, 5,000 monthly actives, and 36,000 downloads. Disclosed engagement metrics: 30% thirty-day retention and…
M&AMatch Group's $100M Sniffies Bet Puts Gay Cruising Culture on a TimerMatch Group (MTCH) invested $100M for a minority stake in Sniffies, with an option to acquire the platform outright later. Within hours of the April 27 announcement, Sniffies' Instagram filled with us…
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