Time Out owner makes £108m from sale of online dating site

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Our online dating price guide tells you everything you need to know about the UK’s top dating websites. Millions of Brits turn to the web in search of a partner every year – but what’s the true cost of finding love on the Internet? There are currently over 1, relationship-finder sites in Britain – all claiming to do one thing – find your match, and at that, fast. According to Match. Post Valentine’s Day many singletons will be heading online to look for love, but with so many online websites to choose from, it’s hard to really know which are worth investing in and how much you should spend on your quest for love?

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Match is an online dating service with web sites serving over 50 countries in twelve languages. Match is owned by Match Group , which owns several online dating services. Match was founded by Gary Kremen and Peng T. Ong in

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Its major shareholders — Ms Beeny and the technology company Telecom Express — have hired the accountancy firm BDO to handle a sale of the company this summer. The site is unique in that subscribers must nominate a friend who will write a description of them — which, unlike other dating sites, means that a user’s profile features both their own words and those of their friend. Looking for romance on the internet has lost much of its stigma, analysts say. There was 25 per cent spike in traffic to UK dating websites in July — the highest peak in visits for three years, according to Hitwise.

Last month, internet dating accounted for one in every online visits made by computer users in Britain. While the shareholders are looking to sell My Single Friend, it is understood they would consider selling a minority stake to help launch the website overseas. A source said: “The real opportunity is international expansion because no one else in the world does this [friend recommendation] and it works really well.

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