SYDNEY MORNING HERALD - June 24 - RSVP, the online dating site owned by Fairfax Media, is poised to sign a merger agreement with rival Oasis Active, which is backed by Ten Network Holdings. RSVP is wholly owned by Fairfax, while Ten controls ~40% of Oasis, sharing the registry with other investors including co-founders David Heysen and Daniel Haigh, as well as former Star City, Engin and Solution 6 boss Neil Gamble. The merged entity would be worth ~$90M, with Fairfax to retain ~50% holding. Ten will control ~20% with Mr Heysen and Mr Haigh also retaining stakes.
by Sarah Thompson, Jake Mitchell & Gretchen Friemann
See full article at Sydney Morning Herald
Oasis Active Chief Executive Officer and Co-Founder, Dave Heysen, said: “Oasis has always admired the RSVP brand in Australia and look forward to working with a business that has been one of the major players in the Australian market for more than 15 years. Together we can ensure that we continue to develop our products to cater for a wider range of the Australian singles market as well as collectively develop ways to best leverage rapidly changing technology.”
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