Feeds

Put up or shut up, Friends Reunited tells bidders

Imposes deadline

Eight steps to building an HP BladeSystem

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. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.