F.Y.I.

RSVP and Oasis Active merge in $90m deal

June 25, 2014 12:57

Rival dating sites RSVP and Oasis Active are to merge in a $90m deal which will see Fairfax Media emerge as the largest shareholder.

The announcement:

SYDNEY, 24 June, 2014: Fairfax Media Limited [ASX:FXJ], the founders of Oasis Active and Ten Network Holdings Limited [ASX:TEN] have agreed to a merger of online dating businesses, RSVP (www.rsvp.com.au) and Oasis Active (www.oasisactive.com), bringing together two of Australia’s largest online dating services businesses.

Oasis Active was launched in 2008 by co-founders Dave Heysen and Daniel Haigh. Ten Network invested in the business in 2008. Oasis has substantial operations in Australia, as well as strong positions in emerging markets throughout Latin America.

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