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Friendfinder

FriendFinder Brings In $50 Million In IPO; Stock Drops

May 11, 2011 1:30 PM

FriendFinder Networks raised $50 million in its IPO today—the latest in a string of stock market debuts by digital media-related companies. The IPO is a major milestone for the owner of Friendfinder.com and other adult sites, which has tried to go public for several years. FriendFinder had initially filed to…

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Posted In: Entertainment, Adult, Money, IPO, Companies, friendfinder

Facebook Sues FriendFinder, Peeved Over FacebookOfSex.com Website

Apr 15, 2011 8:21 PM

Facebook has filed a few different trademark lawsuits against sites it doesn’t approve of, like Teachbook and humor site Lamebook. Some of those cases might be considered close calls legally, and both of those sites are still up. But now a much bigger company is messing with Facebook’s name: adult…

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Posted In: Entertainment, Adult, Legal, Companies, Facebook, friendfinder, trademark

FriendFinder Networks Tries (Again) To Go Public

Mar 17, 2011 12:50 PM

FriendFinder Networks, which filed to go public in late 2008, but pulled the offering a year ago, citing “market conditions,” is trying once again. The company is best known for owning Penthouse (and for unsuccessfully trying to buy Playboy (NYSE: PLA) last year) although it makes most of its money…

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Posted In: Entertainment, Adult, Money, IPO, Companies, Playboy, friendfinder

Penthouse-Parent FriendFinder Raises $551 Million In Financing

Oct 28, 2010 2:00 PM

Penthouse-parent FriendFinder Networks, which pulled its plans for an initial public offering last fall, has now raised $551.2 million in debt financing. Intriguingly, CEO Marc Bell tells the WSJ that the company, which also owns several adult social networks and dating sites, is about to launch “three big initiatives.” 

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Posted In: Entertainment, Adult, Money, IPO, Companies, Playboy, friendfinder

FriendFinder Counters Hefner; Offers $210 Million For Playboy

Jul 15, 2010 1:41 PM

Four days after Playboy (NYSE: PLA) founder Hugh Hefner made a bid to take his company private, Penthouse parent FriendFinder Networks is making its own $210 million offer for the company, as was widely expected. FriendFinder argues in a letter to the Playboy board that its proposal tops Hefner’s all-cash…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Best Buy, Cablevision, Comcast, Disney, ABC, Microsoft, MSN, NBC Universal, CNBC, Playboy, friendfinder

Uh, A Surprise: Friendfinder Networks Cancels IPO

Feb 5, 2010 6:40 AM

Adult entertainment company Friendfinder Networks is canceling its IPO. The reason: “based on market conditions, it has chosen not to proceed with its planned initial public offering at this time until market conditions improve.” Translation: appetite for its own IPO was less than lukewarm, and the jittery market conditions is…

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Posted In: Money, IPO, Social Media, friendfinder

Friendfinder Networks Cuts IPO Size By Half; Hoping For About $220 Million

Jan 10, 2010 11:27 PM

Adult entertainment company Friendfinder Networks is finding the going tough in a recessionary market, much like the rest of the industry and has rest its expectations: after filing for an IPO exactly a year ago and hoping to raise $460 million in it, it has now filed an amended S-1…

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Posted In: Entertainment, Adult, Money, IPO, Social Media, friendfinder

Playboy Looked at Buying AdultFriendfinder Two Years Ago

Aug 25, 2009 8:17 PM

Not that this matters in the scheme of things, but shows the opportunities that Playboy Enterprises (NYSE: PLA) squandered over the years that helped it land in its current fix: the adult entertainment company looked at buying Various Inc, the parent of AdultFriendfinder, two years ago, before Penthouse bought it…

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Posted In: Entertainment, Adult, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Best Buy, Cablevision, Comcast, Disney, ABC, Microsoft, MSN, NBC Universal, CNBC, Playboy, friendfinder

Recession Good For Adult Business? Penthouse-Owner FriendFinder Files For $460M IPO

Dec 23, 2008 11:54 PM

Intentions for this was announced in March this year, but got scuttled, and no one thought it would re-file in this kind of market environment: Penthouse Media Group, which now goes under a more innocuous name of FriendFinder Networks, has filed its S-1, with an intent to go public and…

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Posted In: Entertainment, Adult, Money, IPO, Social Media, friendfinder

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