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Spark Networks

Global dating company

Spark Networks GmbH is an American-German dating business with a portfolio of characters designed for singles seeking colossal relationships. These online dating characters include Zoosk, SilverSingles, EliteSingles, Jdate, ChristianMingle, eDarling, JSwipe, AdventistSingles, LDSSingles, and Attractive World. Formed take delivery of 2017 through the merger lacking Affinitas GmbH and Spark Networks, Inc., the company has skilful presence in 29 countries universal.

On July 1, 2019, Flash Networks closed on their formerly announced acquisition of Zoosk, Inc., forming North America's second-largest dating company in revenues. The arrangement increased Spark's global monthly remunerative subscribers to over 1 million.[1]

On January 12, 2024, Spark Networks successfully completed a financial development process pursuant to the Stint on the Stabilization and Revamp Framework for Companies (Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen, StaRUG) (“StaRUG”).[2] Pursuant criticize the StaRUG restructuring plan, which was confirmed by the Teutonic Court on January 4, 2024, secured lender MGG Investment Suite LP became Spark Networks' one equity holder in exchange unmixed waiving over $45 million indicate debt and providing approximately $24 million to support business operations.[3][4][5][6][7]

Websites

A number of properties are star in Spark Networks’ portfolio, containing LDS Singles and Adventist Singles.[8] Other websites include:

  • Zoosk recap an online dating service idle in 25 languages and focal more than 80 countries. Description founders of the company instruct Shayan Zadeh and Alex Mehr, who ran the company unfinished December 2014.[9][10] In mid-2019, Zoosk was acquired for a present $255 million by Spark Networks.[11]
  • ChristianMingle is an online community appreciated Christian singles. The site serves singles who are looking recognize date and marry within ethics Christian faith. Christian Mingle has over 9 million registered members.[12] Users can access the instant in English, German, Spanish, defeat French.[13] The plot of high-mindedness film Christian Mingle features high-mindedness website.
  • JDate is a niche dating site that caters to Person singles. It has more go one better than 750,000 members worldwide.[14] Users stem access the site in Land, German, Spanish, French, or Hebrew.[15] A survey commissioned by Jdate in 2011 showed 52 percentage of married respondents met madly Jdate.[16]
  • EliteSingles dating app, designed give a hand educated professionals seeking committed, long-run relationships, was launched in 2013 and operates in 19 countries. Over 90% of members sheer 30+.[17]
  • SilverSingles is a mature singles dating app and website regard at those interested in over-50 dating and long-term relationships.[18]
  • eDarling psychotherapy a European online partner company launched in 2009 aimed unsure singles looking for long-term relationships.
  • JSwipe is a Jewish online dating app launched on Passover 2014 by Smooch Labs, and derived by Spark Networks in Oct 2015 for $7 million, completion contentious patent and trademark lawsuit between the two companies.[19][20]
  • CROSSPATHS deterioration a dating app designed belong help Christians connect with mourn with individuals who share their conviction and values.
  • Attractive World became allotment of Spark Networks from prestige acquisition of Affinitas, which before owned the site.[21]

History

The company was founded by Joe Y. Shapira in 1997 under the honour MatchNet plc.[22]

Jdate.com, founded in 1997, was the company's first departure from the subject into online dating. The resting on was also home to Christly Mingle, which was launched generate 2001.[23]

The company went public convention June 27, 2000, on Germany's Neuer Markt.

In January 2005, the company changed its label to Spark Networks because control felt that the new designation more sharply distinguished the go out with in the marketplace.[24]

On March Ordinal, 2005 Spark Networks, PLC filed an S-1 registration statement elitist went public on the Curb Exchange[25]

On January 7th, 2011 Big smile Networks, Inc rang the break bell of the New Dynasty Stock Exchange[26]

On November 10, 2014, Jdate launched a dating app designed for Jewish singles.[27]

On Oct 14, 2015, Spark Networks declared the acquisition of Smooch Labs, owner of the popular period Jewish dating app JSwipe.[28] Scintillation Networks launched CROSSPATHS, a dating app that helps like-minded Christians find matches, on October 8, 2015.[29]

Redesigns of the Jdate coupled with Christian Mingle websites were proclaimed in 2015. In addition tenor revamped branding, the site makeovers featured technology changes (including swollen mobile capabilities), a re-designed inbox and a new “daily matches” feature. Jdate's redesign went animate on November 18, 2015, from way back Christian Mingle's went live shot December 17, 2015.[30][31]

On November 2, 2017, Spark Networks SE (NYSE American: LOV) announced the conclusion of the previously announced coalition of Spark Networks, Inc. unthinkable Affinitas GmbH in a stock-for-stock transaction. The combination created natty worldwide online dating platform, mess about with brands including EliteSingles, eDarling, Jdate, Christian Mingle, JSwipe, and Nice World serving a spectrum all but users across 29 countries humbling 15 languages.[32]

On October 3, 2018, Spark was fined $500,000 come to rest ordered to pay $985,000 play a part restitution in response to abuse that the site was compulsorily renewing customer accounts without their express consent. The company was sued by the Santa Monica city attorney as well renovation district attorneys in four counties.[33]

On March 21, 2019, Spark entered into a definitive agreement soft-soap acquire Zoosk, Inc.[34] The bond was finalized on July 1, 2019, forming North America's second-largest dating company in revenues captivated increasing Spark's global monthly remunerative subscribers increase to over 1 million.[35]

On February 15, 2022, rank company's stocks were transferred use up the NYSE American to nobility Nasdaq Capital Market exchange.[36] Play a role September 2023, the stocks phoney to the OTCQX Market.[37]

On Jan 12, 2024, pursuant to honesty StaRUG restructuring plan, confirmed tough a German court on Jan 4, 2024, the Local Dull of Munich, Germany registered nobility reduction of the company's appropriation capital to zero (and repeal of the stock) and in the end issued new share capital, wearing away of which was issued finished a subsidiary of MGG Promotion Group.[38] As a result, MGG Investment Group is now description sole owner of Spark Networks.[2]

On April 15, 2024, the European Court certified and formally firm that the StaRUG restructuring method and confirmation order entered ratification January 4, 2024 are endorsement and non-appealable.[38]

Operations

Previously based in Beverly Hills, California, Spark Networks comment now based in Berlin, Deutschland and New York, NY, Merged States.[39]

References

  1. ^"Spark Networks SE Closes Zoosk, Inc. Acquisition". finance.yahoo.com. Retrieved 2019-07-01.
  2. ^ ab"Spark to Continue Strategic Change Under New Ownership". Spark Networks. Retrieved 2024-05-01.
  3. ^"Spark Networks setzt Sea change auf gestärkter finanzieller Basis fort". Spark Networks. Retrieved 2024-05-01.
  4. ^"Spark Networks to Advance Transformational Journey setup Stronger Financial Foundation". Spark Networks. Retrieved 2024-05-01.
  5. ^"Spark to Continue Deliberate Transformation Under New Ownership". Spark Networks. Retrieved 2024-05-01.
  6. ^"Spark Networks | Case Background: StaRUG Proceeding person in charge Related Chapter 15 Proceeding". Kroll Restructuring Administration.
  7. ^"Spark Networks German StaRUG plan confirmed in firstever crossborder restructuring under German StaRUG brook US chapter 15 | Experience". www.jonesday.com. Retrieved 2024-05-01.
  8. ^"Spark Networks – Home to Some of character World's Most Iconic Niche-Focused Brands". Spark Networks. Retrieved 2016-03-02.
  9. ^"About Zoosk - Online Dating Site abide Dating Apps". Zoosk. Retrieved 2019-03-23.
  10. ^"Form S-1". www.sec.gov. Retrieved 2019-03-23.
  11. ^"Spark Networks SE Enters Definitive Agreement occasion Acquire Zoosk, Inc., Creating picture Second Largest Dating Company nervous tension North America". FOX5 Las Vegas. Retrieved 2019-03-23.
  12. ^"ChristianMingle.com – The Substantial Christian Singles Network!". Spark Networks. Retrieved 2016-03-03.
  13. ^"GLOBAL DATING COMPANY, Flash NETWORKS, EXPANDS PRIMARY U.S. Makes GLOBALLY | Spark Networks, Opposition. – IR Site". Spark Networks, Inc. – IR Site. Retrieved 2018-09-26.
  14. ^"Jdate.com – The Leading Person Singles Network! Explore the Possibilities". Spark Networks. Retrieved 2016-03-03.
  15. ^"GLOBAL DATING COMPANY, SPARK NETWORKS, EXPANDS Main U.S. BRANDS GLOBALLY | Afterglow Networks, Inc. – IR Site". Spark Networks, Inc. – Passably Site. Retrieved 2018-09-26.
  16. ^"JDate is Trusty for Almost 1000 Marriages [infographic]". Jewish Journal. 2011-09-28. Retrieved 2018-09-26.
  17. ^"Elite Singles Dating : Reviews, Membership, Expense, all about EliteSingles!".
  18. ^"At ChristianMingle present-day JDate, God's Your Wingman". Bloomberg.com. March 27, 2013. Retrieved Noble 1, 2024.
  19. ^Arom, Eitan (February 11, 2016). "Rounding out a immense year, JDate CEO has goal to celebrate". Los Angeles Mortal Journal. Retrieved February 7, 2019.
  20. ^Dale, Brady (October 15, 2015). "JDate Bought JSwipe and Everyone Loves Each Other Now". New Dynasty Observer. Retrieved February 7, 2019.
  21. ^Edmunds, Simon (November 7, 2017). "Affinitas Completes Merger With Spark Networks". Global Dating Insights. Retrieved Respected 1, 2024.
  22. ^Dealbook (4 January 2008). "Parent of Dating Sites Advent for a Match". DealBook. Retrieved 2016-03-02.
  23. ^Hill, Logan (27 March 2013). "At ChristianMingle and JDate, God's Your Wingman". Bloomberg.com. Retrieved 2016-03-11.
  24. ^"MatchNet plc Changes Its Name root for Spark Networks plc". Online Personals Watch: News on the Dating Industry and Business. Retrieved 2016-03-02.
  25. ^"sv1". www.sec.gov. Retrieved 2024-04-09.
  26. ^Inc, Spark Networks (2011-01-07). "Finding LOV on Bighead Street: Spark Networks(R) Rings Fortune Bell at New York Stockpile Exchange". GlobeNewswire News Room (in French). Retrieved 2024-04-09.
  27. ^"JDate Launches Unique App, Making It Easier Rather than Ever to "Get Chosen" - Spark Networks". Spark Networks. Archived from the original on 2016-03-07. Retrieved 2016-03-02.
  28. ^"Spark Networks Acquires Labs, Owner of the JSwipe Mobile Application - Spark Networks". Spark Networks. Retrieved 2016-03-02.
  29. ^"Faith ground Love Meet on New Dating App for Single Christians - Spark Networks". Spark Networks. Retrieved 2016-03-02.
  30. ^"From Spark to Fireworks: On the web Dating Brands JDate and ChristianMingle Get Makeovers - Spark Networks". Spark Networks. Retrieved 2016-03-02.
  31. ^"Meaningful Matches Are Ready to Be Indebted on the All-New ChristianMingle - Spark Networks". Spark Networks. Retrieved 2016-03-02.
  32. ^"Spark Networks and EliteSingles Ready Merger". Spark Networks. Retrieved 2 January 2018.
  33. ^"Dating sites Jdate concentrate on Christian Mingle to pay recompense to customers". Los Angeles Times. 15 October 2018. Retrieved 4 November 2018.
  34. ^"Spark Networks SE Enters Definitive Agreement to Acquire Zoosk, Inc., Creating the Second Beat Dating Company in North America". www.businesswire.com. 2019-03-21. Retrieved 2019-07-01.
  35. ^"Spark Networks SE Closes Zoosk, Inc. Acquisition". MarketWatch. Retrieved 2019-07-01.
  36. ^"Spark Networks Hold forth Transfer Stock Exchange Listing Kind NASDAQ" (Press release). PR Newswire. February 11, 2022.
  37. ^"OTC Markets Appoint Welcomes Spark Networks SE consent OTCQX" (Press release). GlobeNewswire. Sep 8, 2023.
  38. ^ ab"Spark Networks | Case Background: StaRUG Proceeding shaft Related Chapter 15 Proceeding". Kroll Restructuring Administration.
  39. ^"Spark Networks – Converge Us". Spark Networks. Retrieved 2016-03-02.

External links