INDEPENDENT - July 15 - Cupid sold its BeNaughty.com, Flirt.com and other casual dating sites to Grendall Investment for £43.1M (€50M). The company would retain Cupid.com, LoveAgain.com and UniformDating.com. It also signed a software licensing agreement with Grendall that would generate £2M of revenue over four years. Grendall Investment is managed by Max Polyakov, co-founder of Cupid, who also holds a 15% stake in the company.
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BeNaughty has gone home to its creator. Cupid is the best domain in the dating industry. It will be a more palatable investment now its free of its adult brethren. Still, PG dating sites don't monetize nearly as well as adult dating sites. I see the markets have greeted the news favorably and upticked the stock from 72 to 78 pounds.
Posted by: Mark Brooks | Jul 17, 2013 at 04:44 PM
How many members do these sites have?
Posted by: James Anderson | Jul 19, 2013 at 04:05 AM
What are they going to do with all that money. If they have any sense they'll buy up any quality dating operation going!
Posted by: Sam Taylor | Jul 20, 2013 at 07:51 AM