XBIZ NEWS: Penthouse Sued Over AFF Acquisition - GoFuckYourself.com

SHANESWORLD · 03-10-2008, 05:20 PM

HOLY SHIT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

http://xbiz.com/news/90958

LOS ANGELES ? Broadstream Capital Partners, a merchant bank that assists with mergers and acquisitions, has filed a lawsuit against Penthouse Media Group Inc. The suit alleges Penthouse breached a contact to acquire Various Inc. ? the company that owns and operates AdultFriendFinder.com and other social networking sites ? as a joint venture with Broadstream.

In its lawsuit, which was originally filed in Los Angeles Superior Court in December and moved to U.S. District Court in February, Broadstream alleged that Penthouse has committed breach of contract, breach of the covenant of good faith and fair dealing, breach of fiduciary duty and constructive fraud. .................................

READ MORE AT XBIZ.COM!!!!!!!

http://xbiz.com/news/90958

polish_aristocrat · 03-10-2008, 05:22 PM

Jetting to page 6...

Mr Pheer · 03-10-2008, 05:24 PM

I'm on the first page of this shit....

TheDoc · 03-10-2008, 05:26 PM

That's just crazy... guess ya don't piss on big deals like this.

D · 03-10-2008, 05:29 PM

Interesting.

BJ · 03-10-2008, 05:31 PM

they just had to wait 8 days

although Im sure they were in breach just by talking with them before 1 year.

MaDalton · 03-10-2008, 05:32 PM

i'll park my sig here...

Redmanthatcould · 03-10-2008, 05:59 PM

Now that is some huge news. When you are done reading the article, feel free to click my delicious sig

dropped9 · 03-10-2008, 06:00 PM

Drake · 03-10-2008, 06:00 PM

Oh my, that's not good

abyss_al · 03-10-2008, 06:01 PM

hmmm....

BSleazy · 03-10-2008, 06:05 PM

Big news.

Martin · 03-10-2008, 06:06 PM

That's fucked up...

pocketkangaroo · 03-10-2008, 06:08 PM

This could Jet very interesting

wjxxx · 03-10-2008, 06:10 PM

sig spot

crockett · 03-10-2008, 06:12 PM

humm kinda interesting, if Penthouse actually used inside info to out bid. Makes you wonder WTF they were thinking if this is actually true.

sicone · 03-10-2008, 06:13 PM

Will be interesting to see how this plays out

The Captain · 03-10-2008, 06:14 PM

pretty crazy

moeloubani · 03-10-2008, 06:16 PM

Sig spot!! Get your unique writing today!!

DaddyHalbucks · 03-10-2008, 06:18 PM

See siggy!!

Useless Warrior · 03-10-2008, 06:18 PM

AFF always manages to be engulfed in drama and fraud. How odd. How legendary of them.

The Adult Broker · 03-10-2008, 06:35 PM

That should make for an interesting notation in their IPO filing.

Joe BrainCash · 03-10-2008, 06:40 PM

#23 is still a damn good spot!

Tempest · 03-10-2008, 06:41 PM

Well damn...

AlienQ - BANNED FOR LIFE · 03-10-2008, 06:48 PM

Woa!

http://video.yahoo.com/watch/2101024/6608578

notoldschool · 03-10-2008, 06:51 PM

thanks for the link.

Quote:

Originally Posted by AlienQ

Woa!

http://video.yahoo.com/watch/2101024/6608578

WTF?

brand0n · 03-10-2008, 06:51 PM

alienq invented penthouse and aff

CyberHustler · 03-10-2008, 06:54 PM

Jetting it up....

AlienQ - BANNED FOR LIFE · 03-10-2008, 06:56 PM

Quote:

Originally Posted by notoldschool

thanks for the link.

WTF?

Sosa · 03-10-2008, 06:57 PM

whoopsie!

malakajoe · 03-10-2008, 06:57 PM

Say bye bye to the AFF we all knew and loved.

fuckingfuck · 03-10-2008, 07:00 PM

http://video.yahoo.com/watch/118791

pornguy · 03-10-2008, 07:07 PM

Well hell, thats gonna get interesting.

SinisterStudios · 03-10-2008, 07:33 PM

Wow this could be interesting

bashbug · 03-10-2008, 07:44 PM

Thats awesome

Angry Jew Cat - Banned for Life · 03-10-2008, 07:51 PM

when this was mentioned a little while ago people were making it sound like the lawsuit coming out was over providing advertising to support illegal content distributors. what a let down. does anyone seriously think penthouse would jus tgo out on a limb and do something stupid like this expecting to not catch some backlash? they obviously wanted aff to themselves. they took it, and i'm sure a $20 million lawsuit isn't going to hurt them too badly. you won't see any change in aff do to this alone...

DatingGold · 03-10-2008, 07:58 PM

$20 million on a billion $ deal isnt a big deal.. by the time the settle its more like 3 million.

gandalfuy · 03-10-2008, 08:05 PM

doesnt look good at all.

madfuck · 03-10-2008, 08:11 PM

thks for the info ")

st0ned · 03-10-2008, 08:14 PM

Wow, that is some crazy shit.

boneprone · 03-10-2008, 08:29 PM

Quote:

Originally Posted by DatingGold

$20 million on a billion $ deal isnt a big deal.. by the time the settle its more like 3 million.

This price of a good party.

boneprone · 03-10-2008, 08:32 PM

I told you guys this would happen.

Guess who owns BroadStream?

Yep you guessed it.

boneprone · 03-10-2008, 08:33 PM

Camco · 03-10-2008, 08:37 PM

Great news

boneprone · 03-10-2008, 08:39 PM

Im with these guys. Fuck Penthouse!

They hire minorities!

Two blacks, and Asian, a woman, and a Tranny.

What other team is so diverse?

JA$ON · 03-10-2008, 08:42 PM

Means almost nothing. It will drag out for 2 yrs, then end in a small settlment. Its almost impossible to do any sort of deal that involves multiple parties on this scale without a number of lawsuits....it just cost of doing business.

JenniDahling · 03-10-2008, 08:44 PM

wtf... that is crazy news!

SleazyDream · 03-10-2008, 08:46 PM

just a hunch but I'm betting with ipo s and such it's some retard lawyer on an extortionist scam thinking he can get a quick buck. My thoughts are it's more of a 'pay us now to shut up and settle or we'll make this more public and problems for you even though it's total bullshit' kind of thing.

SleazyDream · 03-10-2008, 08:48 PM

safeway is fucking HUGE.

if that holding company DOES own safeway - wow.

not sure if safeway would want the media to know they were looking at buying the largest porn company in the world..........

Mutt · 03-10-2008, 08:49 PM

dude above me is right - when you're in biz at that level lawsuits are just a cost of doing business - BUT if Penthouse thinks it's doing an IPO they are delusional - it's a dog with fleas, has been a dog with fleas and will always be one. I want an IPO to be successful because I will sell that thing short big time. Penthouse management doesn't even understand its' core business nevermind the businesses they just bought.

03-10-2008, 05:20 PM	#1
SHANESWORLD Eric Join Date: Feb 2008 Posts: 577	XBIZ NEWS: Penthouse Sued Over AFF Acquisition. HOLY SHIZZLE!!!!!! HOLY SHIT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! http://xbiz.com/news/90958 LOS ANGELES ? Broadstream Capital Partners, a merchant bank that assists with mergers and acquisitions, has filed a lawsuit against Penthouse Media Group Inc. The suit alleges Penthouse breached a contact to acquire Various Inc. ? the company that owns and operates AdultFriendFinder.com and other social networking sites ? as a joint venture with Broadstream. In its lawsuit, which was originally filed in Los Angeles Superior Court in December and moved to U.S. District Court in February, Broadstream alleged that Penthouse has committed breach of contract, breach of the covenant of good faith and fair dealing, breach of fiduciary duty and constructive fraud. ................................. READ MORE AT XBIZ.COM!!!!!!! http://xbiz.com/news/90958 __________________ SHANES WORLD ONLINE! - BETA IN 11 DAYS! Last edited by SHANESWORLD; 03-10-2008 at 05:22 PM..

03-10-2008, 05:24 PM	#3
Mr Pheer Retired Industry Role: Join Date: Dec 2002 Posts: 21,286	I'm on the first page of this shit.... __________________ 2 lifeguards for Jessica

03-10-2008, 05:26 PM	#4
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	That's just crazy... guess ya don't piss on big deals like this. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

03-10-2008, 05:29 PM	#5
D Confirmed User Join Date: Jan 2006 Location: The Valley Posts: 7,412	Interesting. __________________ -D. ICQ: 202-96-31

03-10-2008, 05:31 PM	#6
BJ Confirmed User Join Date: Mar 2002 Location: asia Posts: 5,590	they just had to wait 8 days although Im sure they were in breach just by talking with them before 1 year. Last edited by BJ; 03-10-2008 at 05:32 PM..

03-10-2008, 05:22 PM	#2
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	Jetting to page 6... __________________ I don't use ICQ anymore.

03-10-2008, 05:32 PM	#7
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,829	i'll park my sig here... __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

03-10-2008, 05:59 PM	#8
Redmanthatcould Confirmed User Industry Role: Join Date: Dec 2006 Posts: 2,771	Now that is some huge news. When you are done reading the article, feel free to click my delicious sig

03-10-2008, 06:00 PM	#9
dropped9 Registered User Industry Role: Join Date: Jan 2001 Location: Your moms box Posts: 26,727

03-10-2008, 06:00 PM	#10
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	Oh my, that's not good

03-10-2008, 06:01 PM	#11
abyss_al LOOKING FOR TRADES Join Date: Oct 2003 Location: Southern California Posts: 15,605	hmmm.... __________________ EMAIL: allen @ vasmediagroup.com \| ICQ: 311329761 \| SKYPE: abyss.al \| AIM: xABYSSxALx

03-10-2008, 06:05 PM	#12
BSleazy Confirmed User Industry Role: Join Date: Aug 2002 Location: USA Posts: 6,721	Big news. __________________ icq 156131086

03-10-2008, 06:06 PM	#13
Martin "Assassins" Industry Role: Join Date: Dec 2001 Location: At home Posts: 17,277	That's fucked up... __________________

03-10-2008, 06:08 PM	#14
pocketkangaroo Confirmed User Join Date: Jan 2005 Location: Chicago, IL Posts: 8,452	This could Jet very interesting

03-10-2008, 06:10 PM	#15
wjxxx So Fucking Banned Join Date: Feb 2005 Posts: 4,448	sig spot

03-10-2008, 06:12 PM	#16
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	humm kinda interesting, if Penthouse actually used inside info to out bid. Makes you wonder WTF they were thinking if this is actually true. __________________ In November, you can vote for America's next president or its first dictator. Last edited by crockett; 03-10-2008 at 06:13 PM..

03-10-2008, 06:13 PM	#17
sicone Retired Industry Role: Join Date: Jan 2004 Location: Sac Posts: 18,453	Will be interesting to see how this plays out __________________

03-10-2008, 06:14 PM	#18
The Captain Confirmed User Join Date: Sep 2005 Posts: 1,558	pretty crazy __________________ ←Make Your Money Go \| Make Your Traffic Go→

03-10-2008, 06:16 PM	#19
moeloubani Confirmed User Industry Role: Join Date: Dec 2007 Location: Ontario Posts: 4,235	Sig spot!! Get your unique writing today!!

03-10-2008, 06:18 PM	#20
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	See siggy!! __________________ Boner Money

03-10-2008, 06:18 PM	#21
Useless Warrior Confirmed User Industry Role: Join Date: Apr 2004 Posts: 975	AFF always manages to be engulfed in drama and fraud. How odd. How legendary of them.

03-10-2008, 06:35 PM	#22
The Adult Broker Confirmed User Join Date: Dec 2004 Location: The World Posts: 5,265	That should make for an interesting notation in their IPO filing. __________________ Gamma Entertainment \| \| Camz \| Fleshbot\| TheMobileBroker AdultShowsOnly Lori Z., The Adult Broker \| theadultbroker.com \| [email protected] \| The Mobile Broker \| themobilebroker.com \| [email protected] \|-Adult's ONE stop MOBILE shop ICQ: 289567792

03-10-2008, 06:40 PM	#23
Joe BrainCash Confirmed User Join Date: Mar 2006 Location: Boy, life is difficult... Posts: 2,092	#23 is still a damn good spot! __________________ [email protected] ICQ: 394.549.466

03-10-2008, 06:41 PM	#24
Tempest Too lazy to set a custom title Industry Role: Join Date: May 2004 Location: West Coast, Canada. Posts: 10,217	Well damn...

03-10-2008, 06:48 PM	#25
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	Woa! http://video.yahoo.com/watch/2101024/6608578 __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

03-10-2008, 06:51 PM	#27
brand0n been very busy Join Date: Nov 2002 Location: the queen city Posts: 26,983	alienq invented penthouse and aff __________________ want to buy this spot for cheap? it is of course for sale. long term deals are always the best bet. brand0n/ at/ a o l dot commies.

03-10-2008, 06:54 PM	#28
CyberHustler Masterbaiter Industry Role: Join Date: Feb 2006 Posts: 26,212	Jetting it up....

03-10-2008, 06:57 PM	#30
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	whoopsie!

03-10-2008, 06:57 PM	#31
malakajoe Confirmed User Join Date: Feb 2003 Location: Sacramento Posts: 1,751	Say bye bye to the AFF we all knew and loved. __________________ Selfpleasure.com for sale on auction. Closes on Tuesday March 11th at 9pm PST!!!! Dirty enough to be good, but clean enough for everyone! ------------------------------------------------------------------ Moral Police - First graduating class coming soon! - Forcing our values across the internet

03-10-2008, 07:00 PM	#32
fuckingfuck Confirmed User Join Date: May 2007 Posts: 521	http://video.yahoo.com/watch/118791

03-10-2008, 07:07 PM	#33
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Well hell, thats gonna get interesting. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

03-10-2008, 07:33 PM	#34
SinisterStudios Confirmed User Join Date: Nov 2003 Location: New Joisey Posts: 3,087	Wow this could be interesting __________________ SEOIP.com Multiple IP Webhosting Shared and Dedicated IP's - Multiple Class A's - From $1.99/ip

03-10-2008, 07:44 PM	#35
bashbug Confirmed User Join Date: Oct 2005 Location: Boston Posts: 929	Thats awesome

03-10-2008, 07:51 PM	#36
Angry Jew Cat - Banned for Life (felis madjewicus) Industry Role: Join Date: Jul 2006 Location: In Mom & Dad's Basement Posts: 20,368	when this was mentioned a little while ago people were making it sound like the lawsuit coming out was over providing advertising to support illegal content distributors. what a let down. does anyone seriously think penthouse would jus tgo out on a limb and do something stupid like this expecting to not catch some backlash? they obviously wanted aff to themselves. they took it, and i'm sure a $20 million lawsuit isn't going to hurt them too badly. you won't see any change in aff do to this alone...

03-10-2008, 07:58 PM	#37
DatingGold $6 PER EMAIL JOiN Industry Role: Join Date: Feb 2003 Location: California Posts: 13,185	$20 million on a billion $ deal isnt a big deal.. by the time the settle its more like 3 million. __________________ 9 Years of SOLID payouts and conversions! ADULT DATING - $100 PPS LIVE CAMS - $214 PPS WWW.DATINGGOLD.COM ICQ: 27442303