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/PRNewswire/ -- Today Match.com, an operating business of IAC (Nasdaq: IACI), announced that it has acquired a 20% interest in Zhenai Inc., a leading provider of online matchmaking services in China.
Terms of the investment are not being disclosed at this time. 's rapidly growing single population who are looking for long-term relationships.
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Song Li, we believe that Zhenai will continue to flourish as the Chinese online personals market expands and we are excited for the many opportunities that this investment brings." "We are thrilled to have the global leader in online dating join us as a strategic investor," said Zhenai founder and CEO Dr. "We look forward to leveraging their vast knowledge in this arena to continue to innovate and develop new services to meet the growing demand for online personals in China." Cowen Latitude acted as the exclusive financial advisor to Zhenai on the transaction.
About IAC IAC operates more than 50 leading and diversified Internet businesses across 30 countries...
About pioneered online personals when it launched on the Web in 1995 and continues to lead this exciting and evolving category after more than a decade.