Penthouse Acquires AdultFriendFinder for $500 Million
By Bianca Fox
Posted: 8:54 AM PST Dec 12, 2007
BOCA RATON, Fl. - Penthouse Media Group Inc., the parent company of Penthouse Magazine, announced Wednesday that it has acquired Various, Inc., the parent company of AdultFriendFinder, and its subsidiaries for $500 million in cash and securities.
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