American Capital completes sale of People Media to Match.com for $57 million cash proceeds

American Capital completes People Media sale

BETHESDA, Md. — Investment firm American Capital Ltd. said Thursday it has completed the sale of People Media to Match.com, a dating site run by Internet company IAC/InterActiveCorp.

American Capital said it received $57 million in cash proceeds and booked a gain of $15 million in the third quarter from the deal.

The purchase adds 27 sites to Match.com’s portfolio, including BlackPeopleMeet.com and SeniorPeopleMeet.com. People Media has 255,000 paying subscribers. Match already runs subscription-based dating sites in 24 countries.

Shares of American Capital slid 4 cents to close at $2.99.