MOBILE MARKETING MAGAZINE - July 28 - Dating Group has acquired Cupid Media, an international dating company with 33 websites and a global presence for $51M (£36.77M). Cupid Media's portfolio consists of 11 core sites, including AsianDating, LatinAmericanCupid, Muslima, FilipinoCupid, ThaiCupid, and InternationalCupid. Together, the sites will boast an average of 7M monthly active users. Dating Group expects to increase its revenue to $300M.
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