How Who Owns JDate And Christian Mingle Lost At the continuing business Of Love
Spark Networks, owner of JDate, Christian Mingle, as well as other dating sites, is facing a tough activist campaign because of the hedge investment Osmium Partners, which can be seeking to unseat the board and force a purchase regarding the company that is troubled.
If love is really a battlefield, then Spark Networks, owner of JDate, Christian Mingle, and a small number of other niche online dating sites, is approximately to have its heart broken.
Osmium Partners is nearly specific to win the four board seats it is gunning for when Spark holds its yearly shareholder conference week that is next sources acquainted with the specific situation stated, allowing the activist hedge investment to seize control and force a purchase associated with the business. Initially planned for June 17, Spark has recently delayed the yearly meeting until June 28, a move these sources stated is targeted at purchasing Spark additional time to rally investors to vote down Osmium’s proposal or preempt a forced sale by securing its very own buyout offer.
