Spark states it can number twelve,980,100 West Depositary Shares (ADS) so you can former Zoosk people respected throughout the $153 million based on the closing price of Spark Advertising of $ to the . The deal also provides for cash told you away-regarding $105 mil, subject to adjustment, which is financed because of the a different $125 mil elder safe borrowing from the bank studio, the company says into the a release.
Following closure of one’s merger, Spark keeps dos,601,037 typical also provides awarded and you can the root twenty-six,010,365 Advertisements, which have previous Zoosk shareholders collectively to order 49.9% of mutual team.
New Zoosk app, found in more 80 regions, try a no cost receive, however, costs pages who would like to upload messages and you can keep in touch with almost every other people, the same as Fits.
Zoosk enjoys for quite some time battled so you can contend up against Matches Group including ideal-ranking relationship software about your You.S., added of your own Tinder. A short while ago, the business laid off a third of one’s gurus as well as have to call off their IPO, as the Tinder .