Match.com Acquires Dating Website OkCupid For $50 Million
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
IAC/InterActiveCorp (NASDAQ:IACI) subsidiary Match.com has acquired OkCupid for $50 million in cash. This deal includes future earn-outs based on performance. OkCupid is free, but makes money from advertising. OkCupid has raised $6 million in funding and it was co-founded by Max Krohn, Sam Yagan, Chris Coyne, and Christian Rudder. OkCupid will continue to operate out of their offices in New York.