Fairfax (FXJ) has taken over popular online dating agency RSVP for $38.92 million.
John Fairfax bought RSVP at rather low multiple of 9.7 times earnings. RSVP was conservatively estimated to generate at least $4 million in revenue this year.
Seek, based on 2006 forecasts, was trading on a multiple of about 15 while Realestate.com.au traded on a 16 multiple.
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