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How Who Owns JDate And Christian Mingle Lost At The Business Enterprise Of Love

Thursday, November 19th, 2020

How Who Owns JDate And Christian Mingle Lost At The Business Enterprise Of Love

Spark Networks, owner of JDate, Christian Mingle, as well as other dating web sites, is dealing with a intense activist campaign by the hedge investment Osmium Partners, that is seeking to unseat the board and force a purchase associated with the company that is troubled.

If love is just a battlefield, then Spark Networks, owner of JDate, Christian Mingle, and a few other niche online dating sites, is all about getting its heart broken.

Osmium Partners is nearly specific to win the four board seats it is gunning for when Spark holds its yearly shareholder conference a few weeks, sources acquainted with the situation said, allowing the activist hedge investment to seize control and force a purchase for the business. Initially planned for June 17, Spark has recently delayed the yearly conference until June 28, a move these sources stated is directed at purchasing Spark more hours to rally investors to vote down Osmium’s proposal or preempt a forced sale by securing a unique buyout offer.

A agent for Spark, which trades underneath the “LOV” stock ticker, declined to comment beyond citing the business’s general public filings. (more…)