Dating Group Agrees to Acquire Datinggroup.in Network for $14.9m

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dating Group has agreed to acquire Datinggroup.in, a holding company for several international dating platforms, in a deal worth $14.9 million.
Datinggroup.in portfolio consists of 13 cultural
services, including AsianDating reviews, Amolatina reviews, anastasiadate



reviews, zoosk review, dating reviews, charmdate reviews, match reviews
 



This is the company’s third major acquisition of the year, following
the $18 million takeover of slow dating app Once in January



2021  and  51million take over of  Cupid Media
 




After recent successful acquisitions such as dating



site, Once and cupid Media, Dating Group will expand its access to user
behaviour insights across cultures and geographies. This will enable the team



to learn more about social behaviours and the value of meaningful
relationships, adding to its social discovery purpose fuelling - and redefining



- the future of dating app user experiences.
 



We find tremendous benefit in economies of scale and
cross-marketing. We believe we will see substantial revenue growth on our



current platforms and those we are acquiring simply by combining the strengths
of both businesses,” said Chief Investment Officer of Dating Group, Bill Alena.



“With this acquisition, Dating Group will expand its geographic footprint and
enter into new cultural markets to become a major player in the international



dating scene.
 



It expects this latest acquisition of datinggroup.in to increase its revenue to upwards.


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