Update On The AdultFriendFinder Deal
The rumors keep flying with the AdultFriendFinder deal we?ve been writing about
No sale has yet been closed, but not due to a lack of a willing seller. We?ve gotten confirmation, from a new source, that their annual revenues are ?over $300 million.? And we?re now hearing EBITDA numbers in the $100 million/year range. Penthouse seems to be the only serious bidder for the company, but they are clearly talking to a lot of potential buyers. They seem to be ready to sell for a little as $300 million, which suggests founder Andrew Conru wants out of the smut business, and fast.
http://www.techcrunch.com/2007/11/23...ndfinder-deal/