STOCKOPEDIA - June 23 - Cupid has acquired a 75% stake in two German online businesses, OnlineLiebe GmbH and WomenWeb GmbH, for a total of €2.75M (£2.5M). The two companies are run together by the same team in Munich, led by founder Andreas von Maltzan, who is recognised as one of the pioneers and leaders in the German dating market, having established Neu.de, Germany’s most popular dating site, which was sold to Meetic in 2007. OnlineLiebe GmbH owns sites such as Zuckerjungs.de, Zuckerdaddys.de, Gleicheliebe.de and Gayjz.de. Its leading site, Zuckerjungs.de, was founded last year and has already become the market leader in the ‘Cougar’ dating niche in Germany, as well as in Austria and Switzerland. WomenWeb GmbH is Germany's largest online community network of female interest websites with domains such as Womenweb.de, Frauen.de, Kochrezepte.de, Allegraclub.de, Esoteriktreff.de, Hochzeits-club.de and eight other portals. Bill Dobbie, Cupid’s CEO, said: “This acquisition continues our stated strategy of international expansion and is an excellent opportunity for us to gain a foothold in the German-speaking markets.
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