Oasis dating service australia
Gina Rinehart is the largest single Fairfax shareholder, and also holds a 10 per cent stake in Ten.Along with Dave Heysen, entrepreneur Dan Haigh founded the Oasis business in 2008 with Ten buying a 40% stake the same year.Fairfax will hold a 58% stake, Ten 17% and Haigh and Heysen 14%.The remaining 11% is held by minority shareholders.However, […] Read Here Exotic pets are naturally more expensive than most other animals, though it depends on how rare they are and how well they breed. Spring is a good time to purchase them if you want a baby animal.Breeders often advertise their animals on their websites, when […] Read Here There are several types of bugs or insects that can cause painful reactions on your body once they manage to bite you.The transaction is expected to complete on 1 July 2014.Guy Reypert, Group Director Fairfax Digital Ventures, said: “The combination of RSVP and Oasis Active significantly strengthens each company’s respective positions in the Australian market, allows us to achieve efficiencies, and provides additional scale that will create new opportunities in the domestic market in terms of targeted display advertising and product development that would not exist for either business separately.“RSVP and Oasis together are better placed to consider pursuing exciting international growth opportunities by reinvesting strong cash flows from our Australian operations into higher growth emerging Latin American markets.”Oasis Active Chief Executive Officer and Co-Founder, Dave Heysen, said: “Oasis has always admired the RSVP brand in Australia and we look forward to working with a business that has been one of the major players in the Australian market for more than 15 years.
RSVP and Oasis had been at each other's throats for some time.
Fairfax bought RSVP in 2005 for a reported million.
The merger values the single entity at some million.
Following completion of the transaction, Fairfax Media will hold a 58% shareholding in the merged entities, Ten Network will hold 17% and Oasis’ founders will retain 14%, with the balance held by a small number of minority shareholders.
The combined business will be managed by the RSVP and Oasis executive teams, with each brand continuing to focus on its respective target market segment.