Feeds

Put up or shut up, Friends Reunited tells bidders

Imposes deadline

Business security measures using SSL

Divorce specialist Friends Reunited has set a deadline of next week for bidders to put their money where their mouth is.

You've read the story, now wear the t-shirt

The website has ruled out selling to venture capitalists. It has attracted interest from at least six companies ranging from old media like News Corp to Yahoo! and eBay, according to the FT.

The paper values the firm at more than £100m and says bidders include British and American firms. The site, which puts old school friends back in touch and has been credited with breaking up several marriages, has moved into dating, jobs and genealogy websites. The firm recently appointed financial advisors Long Acre to help with a possible sale.

It expects to make a profit of £6.5m this year - less than half of it from the original site. It claims 12m registered users. Last year marriage guidance group Relate blamed it and similar sites for fuelling divorce rates.

Original founders Steve and Julie Pankhurst still own 30 per cent of the business. Their co-founder Jason Porter owns another 30 per cent. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.