JDate parent for sale

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Published: 01/14/2008

The parent company of the Jewish online dating Web site JDate.com is up for sale.

JDate owner Sparks Networks, which owns online personal Web sites aimed at religious and other special interest groups, is in talks with several major media companies, The New York Times reported last week.

Sparks Networks could sell for as much as $185 million, analysts speculated for the Times. The company has a market value of $131.4 million.

Reuters reported that about half of the Sparks Networks revenue for the first nine months of 2007 came from its Jewish Networks division, which rose 5 percent during that period.

JDate is considered the model for online dating sites.

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