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22-Jan-2020 16:38

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While Oasis has a completely free model, RSVP's business model includes a cost element beyond sign-up and initial contact.It is not yet clear whether those models will change under the new ownership structure.The Oasis.com/platform will also now have the resources to push further into markets outside of Australia and promote our new App coming out early in 2015. Daniel Haigh (the other co-Founder of Oasis Active) is now the Director of Product and Technology and myself CEO of RSVP & Oasis.We are both Executive Directors of the combined entity.The business remains Australia’s largest online dating business.The transaction values the combined operations at million and will be completed via a combination of cash and RSVP shares.How's the team transitioning to work with RSVP?Great – within the next few months we will all be under the same roof.

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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.Both companies need to be more dynamic to deal with the pace at which the market is currently changing.