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ITV Buys Friends Reunited for $304mn
Filed in archive Dating Sites by Mark Brooks on December 14, 2005
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MIDDLE EAST TIMES -- Dec 7 -- ITV, Britain's biggest commercial TV network, on Tuesday snapped up Friends Reunitedfor 175 million pounds Sterling (€258 million, $304 million).

The purchase of Friends Reunited, which allows users to locate old
school friends, will make ITV.com the Eighth largest Website in Britain
in terms of people logging on. The site has expanded rapidly and now
has 15 million members - some 50% of the adult population with access
to the Internet - after moving into areas such as Genes Reunited, a
site that allows people to trace their family tree. Other Websites
include Friends Reunited Dating, Friends Reunited Jobs and social
networking site Friends Reunited Connections. 1 million paying
subscribers, 12.4 million pounds this year, earnings before interest
and tax of 6.6 million pounds. Next year, sales are predicted to
rises to 18.7 million pounds. FULL ARTICLE @ MIDDLE EAST TIMES

Mark Brooks: I'm British, I used Friends Reunitedto get in contact with my school friends in UK. It's a very simple site
that is very well populated...and effective. Membership is a
pittance at just a few 'quid' a year.



Permalink: ITV Buys Friends Reunited for $304mn
Tags: ITV  Friendsunited  friends  dating  reunited  friends+reunited  buys+friends  reunited+304mn 
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