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Stock Market & Financial Investment News

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December 24, 2012
06:44 EDTIACIMeetic buys Belgium's Massive Media
Meetic, the European dating giant majority-owned by IAC (IACI), announce on Friday that it has signed an agreement for the acquisition of Massive Media, the company behind Twoo.com. Based in Gent, Belgium, Twoo is a social discovery service; it allows its users to meet new people via simple features. Pursuant to the acquisition, which should be finalised in early January 2013 once conditions precedent are lifted, Meetic will acquire 100% of the company’s capital and voting rights for a total price of EUR18.9M cash, excluding any earn out associated with the company’s future performance over the coming three years. Reference Link
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