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ITV buys Friends Reunited website

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Other Tech News The latest community based technology news from across the globe. (If you aren't a community newsposter then use the "Submit News" section.)

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Old Dec 6, 2005, 08:43 PM   #1
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ITV buys Friends Reunited website
Broadcaster ITV has agreed to buy Friends Reunited, the website which has 15 million users and brings together old school friends, for £120m ($208m).

The website has the UK's eighth-largest online presence - and profits have risen since the firm expanded to offer genealogy and internet dating services.

ITV said it would pay an extra sum of up to £55m in 2009, according to Friends Reunited's performance.

The deal will allow ITV to "strengthen significantly" its online presence.
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Read More / Source: BBC News
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