Feeds

FriendsReunited in sale talks

Clicks into cash?

Top 5 reasons to deploy VMware with Tegile

Reunion website FriendsReunited is in talks which could lead to its sale.

The company is talking to at least five firms about its future.

Michael Murphy, CEO of Friends Reunited said: “Profits are expected to be £6.5 million for 2005 and over £8 million in 06.

“As a result of this performance and the Group’s prospects, we can confirm that the company has recently received a number of credible approaches from large media groups and internet players.

A spokeswoman for the company confirmed it is talking to at least five possible bidders.

Friends Reunited has appointed financial advisors Long Acre to help with negotiations. Talks could lead to an outright sale or the sale of a significant stake in the business.

The site claims 12m members. It was started by Steve and Julie Pankhurst in a spare bedroom in 2000 and quickly became very popular. They still own 30 per cent of the business, which the Times estimates could be worth £120m.

Last year marriage guidance group Relate blamed it, and similar sites, for fuelling divorce by making it easier for people to get in touch with old flames.

The site has become a first stop for journalists seeking background information on the newly-famous. And the police have found it useful too - a man from Teeseide was convicted of drug offences after bragging to old school mates about how much cash he was making selling cocaine.

Alongside its school reunion site the company has opened dating, geneaology and jobs sites.®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.