AAP - July 1 - DateTix Group will buy Hong Kong, Singapore and UK-based online dating platform Lovestruck for 2M shares and an earn-out consideration of $270K. The purchase will increase DateTix's active user base by 259%. Lovestruck had revenues of $2.3M in 2015, with 96% coming from recurring membership subscriptions. The company will look to localise Lovestruck for the Chinese market, whilst launching DateTix into Europe via Lovestruck's UK footprint.
The full article was originally published at News.com.au, but is no longer available.
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