Dating websites like oasis
The owners of Australia's biggest dating sites have agreed to a marriage of convenience.RSVP and Oasis have said “I do” after their parents, Fairfax Media and Ten Network, agreed that the two businesses were a suitable match.The companies lodged the happy news with the ASX on Tuesday.RSVP and Oasis had been at each other's throats for some time.Now, while it appears each will keep its maiden name, the two will consummate a relationship to create a love child with exotic tastes: Latin American growth is noted in the ASX statement.The union could also help seed a more meaningful bond between the two media companies.Fairfax will hold a 58% stake, Ten 17% and Haigh and Heysen 14%.
It is not yet clear whether those models will change under the new ownership structure.Gina Rinehart is the largest single Fairfax shareholder, and also holds a 10 per cent stake in Ten.Along with Dave Heysen, entrepreneur Dan Haigh founded the Oasis business in 2008 with Ten buying a 40% stake the same year.Fairfax bought RSVP in 2005 for a reported million.
The merger values the single entity at some million.
See the announcement posted below: Ten Network Holdings Limited [ASX: TEN] have agreed to a merger of online dating businesses, RSVP (com.au) and Oasis Active ( bringing together two of Australia’s largest online dating services businesses.