Wired News: Putting a Price on Cyber Love
In these days of corporate belt-tightening, it's not the kind of news that pops up very often.
A small company with a lightly-traded stock on a low-profile exchange suddenly gets a buyout offer for more than triple its value from one of the biggest media companies on the planet.
To make it even odder, it's a company so seemingly passé that it still has a dot-com at the end of its name.
But online dating experts say the explanation for Thursday's announcement by USA Interactive (USAI) that it will shell out approximately $150 million in stock to purchase British matchmaking site uDate.com was simple:
While other industries falter in the face of a continuing economic slowdown, Internet personals sites are going gangbusters.
Friday, December 20, 2002
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