Dating site Jiayuan to be bought by Baihe
By Wang Zhuoqiong | China Daily | Updated: 2015-12-09 08:06
Leading Chinese dating organizations are hooking up to create the country's largest matchmaking platform.
Jiayuan.com International Ltd, which is Nasdaq-listed and currently China's largest online dating platform, has agreed to be bought by Baihe Network Co Ltd subsidiary LoveWorld Inc and FutureWorld Inc for $7.56 per American depositary share.
Baihe has deposited 150 million yuan ($23.36 million) in cash with Jiayuan, which would be used to fund a consolidation after the merger of the operations.
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