Friday, February 5, 2010
Match.com In Latin American Joint Venture
Dallas-based online dating site Match.com, which is owned by IAC, said Thursday that it is in a joint venture extending it into Latin America. Match.com said it is in a joint venture with Meetic, to reach singles in Latin America. As part of the joint venture, Match.com said it will invest $3M in cash in Meetic, with a possible future $1.5M invested in Meetic four years into the relationship. The two said it believes the move will help the firms strengthen their presence in Latin America. Meetic runs online dating service ParPerfeito in Brazil.