Originally Posted by DigitalPimp

Interesting ...

One of Bell?s failed ventures was a transaction in September 2011 to buy an international daily-deals business called JigoCity. FriendFinder lost about $11.5 million on JigoCity this year, then sold the firm back to its previous owner for $1 on August 1, according to the Aug. 14 regulatory filing.

... they apparently paid 65 million for JigoCity.