09-12-2011, 09:14 AM
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Confirmed User
Industry Role:
Join Date: Dec 2004
Location: Las Vegas
Posts: 1,051
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Looks like FFN is now into daily deals
http://techcrunch.com/2011/09/12/fri...for-up-to-65m/
Quote:
FriendFinder Networks this morning announced the acquisition of BDM Global Ventures, the company behind daily deals business JigoCity, for a combination of stock and warrants, in a deal worth up to $65 million.
JigoCity is a social commerce company that employs approximately 150 employees and powers daily deals in cities like Hong Kong and across countries like Singapore, Malaysia, Taiwan, China and South Korea but also Australia, Brazil and the United States.
JigoCity is said to have generated revenue of approximately $600,000 in July 2011, and approximately $1.1 million last month. Its user base is currently over 1 million members strong.
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