SCOTSMAN - Sep 14 - Cupid Plc has sealed a deal to buy site Uniform Dating for £7M. Cupid will pay £3.6M up front and a further £3.4M depending on Uniform Dating’s performance. Uniform Dating has recently launched in the US, Canada and Australia. The latest takeover follows July’s £2.9M acquisition of French peer Assistance Genie Logiciel, which operates sites including Amour.com. Last year Cupid snapped up a number of Portuguese-language website operators in Brazil.
by Peter Ranscombe
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Congrats to Cupid on a great acquisition and moreover to NSI Group who got a fantastic price for the business.
There is ongoing consolidation in the UK market as one-brand players find it impossible to compete with the multi-brand approach. NSI Group were wise to sell when they did.
A great deal for everyone.
Ross
Posted by: twitter.com/rosswilliams | Sep 18, 2012 at 04:11 AM