Suffering Itv Sells Friends Reunited ; Bought for Pounds 120m ... Sold for Just Pounds 25m
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Summary
ITV offloaded its Friends Reunited website yesterday after striking a deal for a fraction of the amount it paid for the social networking site.
The website attracted a price tag of pounds 120 million at the height of its popularity in 2005, as well as another pounds 50 million in performance fees.See the full content of this document
Extract
Suffering Itv Sells Friends Reunited ; Bought for Pounds 120m ... Sold for Just Pounds 25m
Yesterday, ITV sold the business for pounds 25 million to Brightsolid, a subsidiary of Beano publisher DC Thomson,...
See the full content of this document
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