paidContent.org - The Economics of Content

Current Story

JDate Parent Spark Networks Looking For A Wealthy Mate: Report

By Joseph Weisenthal - Thu 03 Jan 2008 10:00 PM PST

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 (NSDQ: YHOO), eHarmony, IACI (NSDQ: IACI) and News Corp.’s (NYSE: NWS) 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.

Since coming public, on Valentine’s Day 2006, Spark Networks shares have struggled, and had been trading at an all-time low before its recent bounce. In its most recent quarter, the company posted a year-over-year decline in both revenue and earnings, which it attributed to weakness at AmericanSingles. Total sales decreased 10 percent, from $17.5 to $15.8 million and income fell from $2.8 million to $2.0 million. More company overview here on Reuters.

Posted in: Companies, IACI, News Corp., Yahoo, Social Media, VC+M&A

Tags: spark networks, eharmony, myspace,

Check our our new Social Media Deals Report, which examines the categories, number and size of VC and M&A deals into social media

Related Research from Alacrastore.com

0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent.org, flagship of the ContentNext Media network, provides global coverage of the business of digital content.

Rafat Ali
Publisher & Co-Editor

Staci D. Kramer
Co-Editor

David Kaplan
Senior Correspondent

Joseph Weisenthal
Correspondent

Robert Andrews
U.K. Editor

Amanda Natividad
Editorial Producer

EconCeleb Conference - The Economics of Celebrity. July 23 at the Roosevelt Hotel in Hollywood

Featured Report - 2008 Social Media Deals Report

front page of report

The economics of social media continue to heat up, with ever more buzz created in new and growing market categories. This report examines the categories, number and size of investment and acquisitions into social media and the resulting value created from 2007 through 2008. Order your report today to analyze deals made by Yahoo, Disney, Google, AOL, CBS, Hearst, Microsoft and many more.

Learn more or purchase now.

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters