Ignite Enterprises SE closes the $258M acquisition of dating brand Zoosk
Berlin-created Ignite Systems, the master of market matchmaking app labels including Religious Mingle, Jdate, LDSsingles, Gold Single men and women, JSwipe and others, today introduced it has received Matches opponent Zoosk having a great collection of cash and you will stock. The offer views Zoosk when you look at the everything $258 mil.
Ignite claims it does material 12,980,100 Western Depositary Shares (ADS) to help you former Zoosk shareholders appreciated from the $153 million depending on the closure price of Spark Ads away from $ to the . The deal also offers for cash appeal of $105 mil, subject to changes, that’s funded about another type of $125 billion old protected credit company, the business says into the a launch.
Pursuing the closing of one’s merger, Ignite has dos,601,037 normal now offers awarded and you can good standard 26,010,365 Advertisements, with past Zoosk shareholders together having forty two.9% away from mutual people.