As you have seen, Meetic has acquired the European operations of Match.com. Despite Loic arguing that this is a sign of strength from the European online M&A market, I think this is to be considered more as a divestment on the part of Match.com. It tells the world, and in particular the investors and entrepreneurs in European online ventures, that the US-online-success-expanding-into-Europe-through-acquisition-exit may be a concept of the past, if ever. Certainly, Match.com has concluded that the EU business is not core, and has sold it. Which means that despite their thought leadership in the field, the net present value of Match.com/eu is larger in the hands of someone else. Someone local, European.