Wednesday, November 15, 2017
Match Group still in talks to acquire Bumble with a valuation over USD 1 Billion ?
Bumble as puppet of Badoo, revealed by Forbes
But Match Group has a big debt now, in the range of USD 1.2 Billion
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 and Bumble in big war with Tinder.
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).
The Match Group overpaid for PlentyOfFish last July 2015 (It was insane, USD 575 Million for PlentyOfFish that past its prime 3 years ago).
The Match Group had been doing all wrong, acquiring rotten companies to show illusory success to its investors.
Perhaps Tinder steals paid members from Match, OkCupid and PlentyOfFish, cannibalizing it!
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.