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How The Master Of 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 an intense activist campaign because of the hedge investment Osmium Partners, which can be trying to unseat the board and force a purchase associated with company that is troubled.

Then Spark Networks, owner of JDate, Christian Mingle, and a handful of other niche dating sites, is about to get its heart broken if love is a battlefield.

Osmium Partners is nearly particular to win the four board seats it is gunning for when Spark holds its yearly shareholder meeting a few weeks over at tids website, sources acquainted with the problem stated, allowing the activist hedge fund to take solid control and force a purchase associated with business. Initially planned for June 17, Spark has delayed the meeting that is annual June 28, a move these sources stated is targeted at purchasing Spark longer to rally shareholders to vote down Osmium’s proposal or preempt a forced sale by securing its very own buyout offer. Continue Reading…