TECH CRUNCH - Jan 14 - SNAP Interactive, the publicly listed company behind social dating apps and services like AreYouInterested, is to raise $8.5M in a private placement transaction. Under the terms of the transaction, SNAP has agreed to sell ~4.25Mshares of its common stock to institutional investors at $2 per share and warrants to purchase up to ~2.125M additional shares of its common stock. FULL ARTICLE @ TECH CRUNCH
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Other public internet dating companies include Match.com under InterActiveCorp, Spark Networks, and EasyDate. Summaries of their numbers appear in pdf's which are downloadable from the right bar of Online Personals Watch.
Mark Brooks
OnlinePersonalsWatch
usa 212-444-1636 / uk 020-8133-1835
Posted by: Mark Brooks | Jan 15, 2011 at 03:08 PM