Big Buy: IAC?s Match.com Wants To Acquire European Online Dating Site Meetic

IAC-owned Match.com has set its sights on Europe’s largest dating site, Meetic.com. Match Match.com has put in a public tender offer to acquire all of the outstanding shares of Meetic for ?15.00 per outstanding share in cash (that’s $21.42 in U.S. dollars). That’s a 11.6 percent increase in value from the closing price of Meetic shares on May 27, 2011 (?13.44) and values the company at nearly $500 million. Match.com actually already owns approximately 27% of the outstanding shares of Meetic, which it obtained when it combined its European businesses with Meetic in 2009. Back then, IAC sold 100 percent of the stock of Match Europe ? the entity that houses Match.com?s European operations ? for an approximate 27 percent stake in Meetic, plus a 5 million euro note.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/dALGplua3_Y/

David Lee Blaney Michael Duane Bliss Kurt Thomas Busch Kyle Thomas Busch

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