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The emails show that Biderman received an informal approach in May from Cliff Lerner, the CEO of Snap Interactive Inc , which owns the online dating site Lerner suggested a reverse takeover and a Nasdaq listing.Where Remnick falls oddly silent -- not even to scold the blogosphere, which he does often -- is on the question of Obama's love life.As one of the folks who got to know him while he was at Occidental College, I can report that I thought of Obama as an average white guy in terms of his IQ and his cultural inheritance.GMP said the deal was not completed and it has never loaned Avid Life any money. The emails also show that Avid Life came close to selling itself at least three times in 2012.In one instance, a deal with Canadian billionaire Alex Shnaider and frozen yogurt mogul Michael Serruya fell apart because of CEO Biderman’s “difficult and very demanding” personality, according to an email from the potential buyers.By Mary-Lynn Cesar Online dating is going mainstream. Young adults are leading the surge in online dating, with usage among 18- to 24-year-olds almost tripling since Pew's 2013 online dating study.
It also received a term sheet for a million three-year loan from GMP Securities, a Canadian investment bank, in 2012.
Several messages show that Biderman was trying to secure a meeting with executives at media mogul Barry Diller’s IAC/Inter Active Corp, whose biggest online dating assets, including and Tinder, are being prepared for a public market spinoff.
Biderman’s goal was to start acquisition talks with the much larger rival.
And the rapid growth in online dating is as much about money as it is love.
Aaron Smith, author of the report, told NPR that mobile apps' appeal lies in their simplicity and "game-ified way of engaging with other people." Crafting snappy blurbs and swiping right or left are a lot easier and less time-consuming than writing a painstakingly detailed profile for a traditional dating site like Ok Cupid.
A spokesman for Snap said Lerner had a short back and forth email conversation with Avid Life representatives, but ultimately decided a deal wouldn’t work.