вЂItвЂ™s not misogynyвЂ™: Online dating employer denies claims of strippers and drug-fuelled crazy events
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T he founder of Badoo claims he feels вЂproudвЂ™ to shrug down claims of a culture that is toxic he sells their on line kingdom to Blackstone for $3bn
Andrey Andreev appears in a large part regarding the lobby associated with the Four Seasons Hotel on Park Lane, looking during the moving traffic while speaking tensely regarding the phone. The 45-year-old entrepreneur that is russian hours far from finishing the purchase of their dating app empire Badoo to personal equity company Blackstone in a $3bn (ВЈ2.3bn) deal.
Andreev is with in their standard uniform: tailor-made white Prada T-shirt and black colored jeans. He owns over fifty percent of BadooвЂ™s stocks and certainly will offer their whole stake included in the transaction that is all-cash therefore heвЂ™s set for the windfall surpassing $1.5bn. вЂњBlackstone made an extremely good offer that i really could maybe maybe perhaps perhaps maybe not refuse,вЂќ claims the business owner, cautious with giving a lot of information on the offer.
It may never be a family group title like Tinder, but Badoo has drawn very nearly half a billion users since its launch in 2006. Its latest reports reveal a loss in ВЈ3.3m for 2018 on revenues of ВЈ271m, because of marketing spending that is heavy.
As opposed to building only one dating app, AndreevвЂ™s company developed a number of them. BadooвЂ™s category of apps includes Lumen for over-50s, a homosexual relationship application called Chappy, and Bumble, that has been started by Tinder co-founder Whitney Wolfe-Herd. She has brought over running Badoo within the purchase.
B lackstoneвЂ™s swoop in November arrived months following the book of the Forbes article, which alleged AndreevвЂ™s company had a sexist work culture that included drug-fuelled events, bullying and harassment.