Spark Networks to buy dating app Zoosk in $255M deal

|About: Spark Networks SE (LOV)|By:, SA News Editor

Spark Networks (NYSEMKT:LOV+9.2% pre-market after agreeing to acquire dating app company Zoosk for $255M in cash and stock.

Spark says the acquisition will create the second largest online dating platform in North America and the second largest publicly-listed dating company in the world, more than doubling its monthly paying subscribers to more than 1M globally.

The company says two-thirds of revenues will be generated in North America as a result of the deal, advancing its goal of building a growing and profitable presence of scale in the world's largest dating market.

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