IAC buys POF before IPO

Consolidation continues in the "free" dating industry as IAC converts free users into paid subscribers:

Last month, The Match Group filed for a $100m IPO with the SEC, which is expected to be completed during the fourth quarter of 2015.

Blatt also said they expect to complete its $575m acquisition of Plenty of Fish by the end of the week.

When this happens, Blatt said The Match Group will have over 59m monthly active users and 4.7m paying users.

Blatt also said that the addition of Super Like to Tinder’s premium service had driven an increase in subscription rates, match rates, and conversations.

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