IAC Says No Plan To Bid For Cupid - Online Personals Watch: News on the Online Dating Industry and Business

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Comments

Mark Brooks

IAC doesn't do adult. Cupid has Benaughty, among others, which is adult. An acquisition or interest in Cupid would be a landmark shift in strategy for IAC.

Datinginsider

Surprised they even mentioned they weren't interested, they usually don't do that. IAC was just "slashed to Sell from Neutral at Goldman Sachs. Concerns include decelerating search queries and an ongoing industry shift towards mobile. The price objective is cut by $11 to $42."

AFAIK, these rumors are false, and we know who's been stoking the fire. Now potential acquirers, if there are any, will ask Cupid, "So we heard IAC wanted to buy you, why did they back off?" Potentially damaging move on their part.

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