AGC Partners Advises Ok Cupid on its Sale to match.com
Transaction Details
OkCupid, the U.S. online dating company, has been sold to Match.com, an operating business of IAC (Nasdaq: IACI) for $50 million in cash, plus potential future payments contingent upon performance. Unlike IAC's other dating sites, OkCupid generates revenues primarily through advertising, and over the last year has been the fastest growing dating site in the advertising-based category. "OkCupid has been a real innovator in our space, and the dating environment they've created has struck a chord with a younger demographic. I think it's clearly the best site in its competitive set, with better features and a more distinctive personality than any other advertising-based site," said Greg Blatt, CEO of IAC. With a team led by Jon Guido, America’s Growth Capital acted as sole financial advisor to OkCupid.
Testimonial
This marriage offers us the best of both worlds: the autonomy to continue pursuing OkCupid's original vision and the ability to leverage Match's reach and expertise to grow even faster. Jon Guido and the team at AGC were instrumental in helping us determine which party was the best fit and did whatever was needed to bring our transaction to a close. I would strongly recommend AGC as an M&A advisor.
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© In the U.S., America’s Growth Capital, LLC dba AGC Partners, member FINRA/SIPC. In Europe, America’s Growth Capital Europe, LLP (Appointed Representative Alternatives St. James, LLP which is authorized and regulated by the Financial Conduct Authority). America’s Growth Capital Europe, LLP is a Limited Liability Partnership incorporated in England and Wales (OC368580). Its registered address is 6th Floor, 9 Appold Street, London EC2A 2AP. The testimonials contained herein may not be representative of the experience of other customers or clients. Testimonials are no guarantee of future performance or success. Deals marked with an “*” are non-AGC deals.
