Entrepreneur Alexandre Dreyfus, known for his leadership in blockchain companies Chiliz and Socios.com, has acquired 72 per cent of Lovin Malta.
Announcing the news earlier on Tuesday (today), Lovin Malta said that it is set to “introduce innovative content formats and collaborations, improve its platforms, and launch more dynamic promotional campaigns.”
This acquisition comes after Mr Dreyfus launched Qamar Ventures on 22nd January. With plans to invest €10 million over the coming years, the company aims to “scale businesses, drive innovation, and solidify Malta’s position as a hub for creativity and technological growth in the Mediterranean,” read a statement.
“Having lived in Malta for the past 17 years, I’m aware of the untapped potential present here and want to help harness it. This chapter marks the next step for Lovin Malta as it continues to shape Malta’s media landscape and is an integral part of Qamar Ventures’ vision to redefine Malta’s digital ecosystem,” Mr Dreyfus stated.
He added that “Lovin Malta’s influence and innovative approach make it the perfect first step in our mission to scale high-potential ventures and establish Malta as a hub for media, technology, and entertainment.”
According to Lovin Malta, the acquisition will be executed in a phased approach over the coming year.
The current management team will remain in place, they added, both operationally and as minority stakeholders.
Luke Frendo, who acquired a stake in the company in 2022 following the exit of CEO and Co-Founder Chris Peregin, will join the Board of Directors.
All stakeholders have reaffirmed their commitment to maintaining Lovin Malta’s editorial independence while integrating the platform into Qamar Ventures’ wider strategic vision.
David Grech, Co-Owner and Director of Lovin Malta, expressed enthusiasm for the partnership, saying that it "marks a turning point."
Lovin Malta’s management team also shared their excitement about the acquisition, saying that Mr Dreyfus’s expertise will be "invaluable": "This partnership with Qamar Ventures opens up new opportunities for growth, and we are thrilled about the future.”
As part of this acquisition, Lovin Malta’s subsidiaries – TrustedTutors.com, MeetInc.com.mt, and DealToday.com.mt – will now operate under the Qamar Ventures umbrella. Additionally, Lovin Malta will retain a minority stake in Freehour, a leading student platform in Malta.
“The momentum behind Qamar Ventures is clear. This is just the beginning of a much larger strategy to create a connected, thriving digital ecosystem in Malta. Lovin Malta’s role in this journey is pivotal, and we are excited to build on its success,” concluded Mr Dreyfus.
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