FINANCIAL TIMES - Oct 30 - ProSiebenSat.1, one of Germany's largest media groups, has agreed to buy US dating site eHarmony as part of its drive to create the world's biggest online matchmaker. ProSieben already owns stake in Parship Elite, a successful German dating business. ProSieben, which will merge eHarmony with Parship Elite did not disclose financial terms of the deal. But one person briefed on the acquisition said it valued eharmony at $85M - making it a surprisingly cheap date compared with rival Match, which has a market value of $13.7B. eHarmony, which raised ~$100M during just one fundraising round 15 years ago, has spent ~$1B on marketing in recent years, according to the person.
by Matthew Garrahan
See full article at Financial Times
Mark Brooks: eHarmony was sold for more than $85 million, that's for sure. Its brand value alone is worth double that. I'd put them at North of $300 million valuation.
UPDATE: Turns out FT's source was right on. eHarmony was indeed sold for $85m, so I need to eat my proverbial hat. Additional commentary on the Courtland Brooks blog.
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Summarized by the IDEA team
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