LONDON (Thomson Financial) - YooMedia PLC said it will sell its YooMedia
Dating Group Ltd unit, which trades under the brand name Dateline, to a
consortium funded by Arc Management Holdings PLC and Capital Ideas PLC for
250,000 stg.
"YooMedia's exit from the dating sector enables management to focus the
company's resources on the growing digital market. This is a better commercial
fit with YooMedia's technical expertise, its existing product range and
represents a higher margin sector," chief executive Neil MacDonald said.
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