Match.com (IAC) Acquires OkCupid for $50M

February 2, 2011

Match.com, an operating business of IAC, acquired OkCupid for $50 million in cash plus potential future contingent payments. OkCupid will continue to be led by co-founder and CEO Sam Yagan from its New York office; IAC said the acquisition will help coordinate complementary advertising- and subscription-based dating businesses and expand Match's reach with younger, advertising-driven users.

Buyers
Match.com (IAC)
Targets
OkCupid
Location
New York, United States
Transaction Type
Buyout

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