The transaction has been approved by Spark's Board of Directors and is expected to close in the fourth quarter of 2017.
The combined company will be named Spark Networks SE and will be headquartered in Berlin, Germany, while maintaining a significant U. presence with offices in New York City and Lehi, Utah.
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The merger will bring together leading global brands like JDate, Christian Mingle, Elite Singles, and e Darling to cater to a broad spectrum of users with a presence in 26 countries, creating a more diverse and balanced footprint.
With nearly 500,000 period-ending subscribers and over 5 million in revenue for the twelve months ended March 31, 2017, the combined company would be one of the world's largest online dating providers on a pro forma basis.
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