REUTERS - Dec 5 - IAC has no plans to bid for Cupid Plc. The response follows market rumors in recent weeks that it could be preparing to make a bid of ~$402.4M.
by Simon Jessop & Atul Prakash
See full article at Reuters
« MyLovelyParent Helps Adult Kids Play Matchmaker For Their Parents | Main | Cupid PLC : Director Appointment And Broadening Of Exec Team »
IAC Says No Plan To Bid For Cupid
| |
Comments
The comments to this entry are closed.
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.
Posted by: Mark Brooks | Dec 06, 2012 at 12:34 PM
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.
Posted by: Datinginsider | Dec 06, 2012 at 04:42 PM