Add-on Acquisition • Internet Software and Services

Spark Networks Acquires Zoosk

On March 21, 2019, Spark Networks acquired internet software and services company Zoosk for 255M USD

Acquisition Context
  • This is Spark Networks’ 1st transaction in the Internet Software and Services sector.
  • This is Spark Networks’ largest (disclosed) transaction.
  • This is Spark Networks’ 2nd transaction in the United States.
  • This is Spark Networks’ 1st transaction in California.

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M&A Deal Summary

Date March 21, 2019
Target Zoosk
Sector Internet Software and Services
Buyer(s) Spark Networks
Deal Type Add-on Acquisition
Deal Value 255M USD
Advisor(s) Piper Sandler & Co. (Financial)
Fenwick & West (Legal)

Target Company

Zoosk

San Francisco, California, United States
Zoosk is a dating company with a portfolio of premium brands designed for singles seeking serious long-term relationships. Zoosk was founded in 2007 and is based in San Francisco, California.
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Buyer Overview 1

Buyer

Spark Networks

Berlin, Germany

Category Company
Sector Internet Software and Services
Employees271
Revenue 188M USD (2022)
DESCRIPTION

Spark Networks is a provider of community focused services, including online personals communities for single adults that offer safe, convenient places to meet and make special connections. Spark Networks is based in Berlin, Germany.


Deal Context for Buyer #
Overall 2 of 2
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 2 of 2
State: California 1 of 1
Country: United States 2 of 2
Year: 2019 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 Smooch Labs

New York, New York, United States

Smooch Labs, Inc. is a provider of millennial Jewish dating app JSwipe.

Buy -