Cupid sells casual dating sites for £43m
INTERNET dating site Cupid said it sold its Benaughty.com, Flirt.com and other casual dating sites to Grendall Investment for £43.1m (€50m).
The company said it would retain dating sites such as Cupid.com, LoveAgain.com and UniformDating.com.
It also signed a software licensing agreement with Grendall that would generate 2 million pounds of revenue over four years.
Grendall Investment is managed by Max Polyakov, co-founder of Cupid, who also holds a 15pc stake in the company.