I heard that Luc Lonely and Lawrence Connor put their piggy banks together to make the purchase in an effort to finally lose their virginity without having to take a dildo in the ass.
No way penthouse has a billion dollars or it was sold for alot cheaper.
You don't need to have a billion dollars just laying around to buy a company that is making several hundred million a year. You think they just drive up and give them several Brinks trucks of cash?
actually it was heard on techcrunch first, not here... ;)
Update: Penthouse Media Group may be the buyer.
funny - when i looked at the techcrunch link earlier today it wasn't there.
i swear to god: 2 or 3 months ago someone told me that Penthouse bought AFF. and i always wondered why no one was talking about it and considered it old news when i read it today
Penthouse's owners, Marc Bell and Dan something, made their money in the early days of the Net in mainstream - I believe with an ISP and other high tech investments. They ended up with Penthouse by accident - they never intended to get into adult but Bob Guccione ran Penthouse so far into the ground they were forced to take it over or lose the millions they had loaned Penthouse. Not sure if those guys personally have the kind of money to pay 1B for AFF but they would be able to put together that big of a deal I bet.
I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!
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