Spark communities SE shuts its $258M exchange of online dating brand name Zoosk. Zoosk possess for a long period struggled to vie against complement cluster and its own top-ranking relationships programs in U.S

Berlin-based Spark communities, the master of niche internet dating application brands like Christian Mingle, Jdate, LDSsingles, sterling silver Singles, JSwipe as well as others, these days revealed it has got obtained complement competition Zoosk for a mix of money and inventory. The deal appreciates Zoosk at around $258 million.

Spark states it will question 12,980,000 United states Depositary companies (advertisements) to former Zoosk shareholders respected at $153 million according to the closure cost of Spark ADS of $11.78 on June 28, 2019. Continue reading