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Simoncini will retain the balance of his stake (approximately 1.6 million shares, representing approximately 7 percent of the total number of shares outstanding) and intends to remain on Meetic’s Board.The two companies say that Meetic’s executive committee supports the decision.

Match has put in a public tender offer to acquire all of the outstanding shares of Meetic for €15.00 per outstanding share in cash (that’s .42 in U. actually already owns approximately 27% of the outstanding shares of Meetic, which it obtained when it combined its European businesses with Meetic in 2009.

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In comparison,’s core revenue came in at .3 million in first quarter 2011 (up 18 percent), and subscriber are up 22 percent.

Match says that it plans to file offer with the French Securities Regulator within two to three weeks.

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