Online dating firm Cupid was left heartbroken after the company sold off its final dating businesses for just £3 million.It ends all involvement in online matchmaking for the company as the shares plunged 32.3 per cent to 17.3p.Paktor was founded with the mission of connecting singles in Asia through technology- enabled platforms.Since its founding in 2013, Paktor Group has expanded beyond Singapore to the rest of Southeast Asia and North Asia, becoming the largest social dating group in the region.The company said it would buy back up to million worth of shares."Over the last couple of years, we have not been successful in exploring various alternatives including a sale of the business and seeking debt from third parties," said the letter signed by the board of directors.
IAC is only two weeks removed from buying online dating service How About We. Avid Life Media announced on Friday that CEO Noel Biderman, who founded the website in 2001, had left the company with immediate effect, the latest sign of the wrenching impact on the company of the attack that led to the disclosure of sensitive data about millions of clients.In an April 2015 letter addressed to all its investors, closely-held Avid Life acknowledged that some investors had pressed it to improve liquidity so they could sell shares.Avid Life did not respond to repeated requests for comment.Members of the company's board also could not be reached for comment. DILLER HOPES DASHEDThe attack has likely sharply lowered the price Avid Life could muster in any sale of assets, assuming it could find a buyer willing to take on a company facing several multi-million dollars lawsuits and the challenge of rebuilding a computer network that has been so badly infiltrated. Do you want your mate to structure your vacations for you? We all have biases about ourselves that make it difficult to see ourselves.