Thursday, August 24, 2017
Bumble DID NOT Turn Down USD 450 Million Buyout Offer From Match Group
It is a FAKE new!
Match Group in big debt now, USD 1.2 Million.
Has no money to acquire more companies.
The Match Group is only a collection of old and obsolete online dating sites: Match, Meetic, Chemistry, OkCupid, LoveScout24 (FriendScout24), OurTime, HowAboutWe, PlentyOfFish and many more and all of them are past their primes, reached operating ceiling and they are in decadence.
Be alerted, be informed Bumble is backed by Badoo (80%, majority-owned by Badoo)
It is said Badoo is related to Russian mafia of white hat hackers in the spyware business.
Badoo is in big war with Tinder (Match Group)
When Match Group (fka IAC Personals) bought OKCupid (6+ years ago) for an astronomical amount of money, the OKCupid team had the task to copycat Badoo, but they failed in that mission.
IAC / Match Group "acquired" HatchLabs to "develop" Tinder copycat of Badoo.
Then Badoo backed Bumble to fight back and destroy Tinder (last December 2014).
Social dating is vaporware.
Perhaps Badoo plans to incinerate Match in revenge? If they hacked Match Group databases and can demonstrate Match Group does really create fake profiles from inside to entice customers to subscribe, ala OKCupid lawsuit.
LAWSUIT Chad Perkins et al. v. Match Group Inc. et al., case number 1:17-cv-2988
Match Group's (MTCH) CEO on Q2 2017 Results - Earnings Call Transcript
It is like the urban legend for CoffeeMeetsBagel (USD 30 million offer) .
That USD 30 million offer was only as a joke, because Mark Cuban had no interest at all in CoffeeMeetsBagel.
He had previously invested in another online dating app (now defuncted) named Courtem.