Spark Networks to Acquire Zoosk

PR NEWSWIRE - Mar 22 - Spark Networks today announced its entry into a definitive agreement to acquire Zoosk. With the addition of Zoosk, Spark will more than double in size and the combined business will be considerably more valuable than the two stand-alone entities. In 2020, Spark expects Adjusted EBITDA to exceed $50M. Approximately two-thirds of the combined company's revenue will be generated in North America. Spark will acquire 100% of Zoosk's shares with a combination of cash and stock valuing the company at ~$255M based on the closing price of Spark Networks stock on March 20, 2019. The transaction is expected to close early in Q3 2019.