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Ignite Channels SE closes its $258M acquisition of dating brand name Zoosk

Ignite Channels SE closes its $258M acquisition of dating brand name Zoosk

Berlin-founded Spark Networks, the owner of market relationship app labels such as Religious Mingle, Jdate, LDSsingles, Silver Single men and women, JSwipe while others, now announced it’s got gotten Meets opponent Zoosk to possess a combo of cash and you may stock. The deal thinking Zoosk within approximately $258 billion.

Ignite claims it will issue several,980,000 American Depositary Shares (ADS) in order to former Zoosk investors respected within $153 billion based on the closure cost of Spark Advertisements regarding $ for the . The offer also offers for money consideration out of $105 mil, susceptible to improvement, and that is financed because of the an alternative $125 billion elder protected borrowing business, the company claims in the a release.