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How Who Owns JDate And Christian Mingle Lost At the continuing business Of Love

Friday, November 27th, 2020

How Who Owns JDate And Christian Mingle Lost At the continuing business Of Love

Spark Networks, owner of JDate, Christian Mingle, as well as other dating internet sites, is facing an intense activist campaign because of the hedge investment Osmium Partners, which can be trying to unseat the board and force a purchase of this company that is troubled.

Then Spark Networks, owner of JDate, Christian Mingle, and a handful of other niche dating sites, is about to get its heart broken if love is a battlefield.

Osmium Partners is practically particular to win the four board seats it is gunning for when Spark holds its yearly shareholder conference in a few days, sources acquainted with the specific situation stated, allowing the activist hedge investment to assume control and force a sale associated with business. Initially planned for June 17, Spark has recently delayed the meeting that is annual 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. (more…)