1/6/2008

Owner of JDate Web site considers sale

Filed under: — By Aviran Mordo @ 10:24 am

Spark Networks, home to popular Jewish online dating site JDate.com, is looking for a buyer and talking to leading social networks and Web dating communities, a source familiar with the talks said on Friday.

Spark shares rose more than 14 percent to $5.56 after the New York Times reported earlier in the day that the company could fetch as much as $185 million, based on analysts’ estimates. That would represent a premium of nearly 40 percent to its closing price on Thursday.

The newspaper, citing people close to the auction, said Spark Networks was in early talks with companies including Yahoo Inc’s eHarmony and News Corp’s MySpace, as well as IAC/InterActiveCorp, which owns Match.com.

The source confirmed for Reuters that Spark was in talks with several potential bidders.

 

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