Saturday 21 April 2018

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.

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