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Prior to Match.com's acquisition, People Media was the top performing company in American Capital's portfolio.
The investment firm purchased People Media from the company's entrepreneurial founders in May 2007.
100% Free Dating Sites and Division by Zero: For simplicity, we arbitrarily set the people/dollar value of 100% free dating sites to the total number of people/month (since that is the most people you will get out of the site regardless of how little you pay). The birth of this site was fueled primarily by red wine, single malt scotch, loud music and copious amounts of caffeine.
Mathematicians may argue that the value should be “infinite” (and they would probably be right). By the time we realized the sheer “groanerosity” of that particular pun, it was too late.
announced on July 7, 2009, the acquisition of People Media from American Capital Ltd for million in cash.
This coupled the leading company in the targeted dating space, People Media, with the leading company in the general dating space,
A dating site that not only understands what it is to be over 50, but also celebrates this exciting chapter of our lives.Ultimately People Media was dismissed from this suit.Consumers have levied criticism regarding People Media's policy of automatic membership renewal via automatic credit card and e-check billing.According to the complaint the infringed patent, titled "System for regulating access to data base for purposes of data base management" relates to how database management systems make it possible to access databases and expand them on an ongoing basis.
For online dating this can relate to how a user's search queries based on certain criteria such as location, occupation, relationship preference, are then compiled to provide the user with matches to their search critiera.
Attracted by a highly scalable business model, a diversified group of targeted dating sites and strong performance relative to its peers, American Capital invested million in People Media during May 2007.