MERGER MARTKET - Oct 6 - PlentyOfFish.com has set aside $15M to acquire companies in dating, mobile and the daily deals space. POF revenue is estimated at $20-$30M. Markus said POF is not for sell at the moment. Noel Biderman, president of Avid Life Media, parent company of Ashley Madison, said Avid would absolutely acquire POF.
Frind compared POF's valuation to Badoo, which he said is £2 Billion. Cupid also could consider buying POF. Cupid has 34M members in 39 countries, and generated revenues of $25M in the six months. An IPO is also a possibility for POF. Frind maintained that POF is focused on buys and so far has made several acquisitions and investments this year, launching offeron.com, its new daily deals business.
