Dating site meetic
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Match says that it plans to file offer with the French Securities Regulator within two to three weeks.
IAC-owned has set its sights on Europe’s largest dating site, 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 0 million.
The two companies say that Meetic’s executive committee supports the decision.
This would probably be one of the dating site’s largest acquisitions to date.
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Marc Simoncini, Meetic’s founder and Chairman, has agreed to offer approximately 3.7 million shares, representing approximately 16% of the total number of shares outstanding.
Simoncini will retain the balance of his stake (approximately 1.6 million shares, representing approximately 7 percent of the total number of shares outstanding) and intends to remain on Meetic’s Board.As well as this, Meetic’s Messenger bots also help singles with their search – asking what they are looking for and showing them a selection of potential weekly matches.Singles can then click through from Messenger to the Meetic site to view the profiles.Alexander Lubot, the CEO of Meetic and Match Group Europe said the artificial intelligence feature was designed to be another way of helping singles meet each other offline.Facebook recently announced updates to its chat bot service, with new features to improve response rates, updates to the kinds of messages bots can send, as well as the ability for businesses to connect their customers’ accounts with their Messenger accounts.Match just recently dropped million to acquire online dating site OKCupid.