Friends Reunited = £120m.

[dvtimes]

http://news.bbc.co.uk/1/hi/business/4414104.stm

Not bad.

Ok, a few people pay to join, but I bet a lot do not.

But I guess its good for advertising.

[JT]

I just read the article and it says

According to press reports, ITV is examining the company's books and could sign a deal as early as this week with an estimated price tag of £120m.

and then

If an agreement is signed, husband and wife founders Steve and Julie Pankhurst could net about £30m between them

So who gets the other £90m?

[SGS]

The advertising revenue from FR would be absolutely immense.

I am no accountant (according to our accountants that is :) ) but a net of 30m from a gross of 120m on the sale would suggest that there are other investors in there and they would possibly be getting so much stock too as part of the deal?

[Guest]

Yeah, the original site was started with another guy and as it grew they took on extra staff, many of whom are now shareholders.

[JP]

Good for them ... corking idea.

I am no accountant (according to our accountants that is :) )
lol

[xcite-tv]

I just read the article and it says



and then



So who gets the other £90m?

Any shareholders or investors :ninja:

[xcite-tv]

Oh and the Taxman

[JT]

I always thought they owned it outright by a husband and wife. Guess they let alot of shares go on the way

[SGS]

I always thought they owned it outright by a husband and wife. Guess they let alot of shares go on the way

I would have though the set-up costs involved due to its fast growth would have meant that a lot of venture capitol was needed.

[dvtimes]

I am thinking that its a very clever idea of ITV. As tv ratings drop and more stations come on air, this is a great way to get a lot of advertising space. I would not be surprised if they do not make the site 100%free just to get more people on it.

I wonder if there are any other BIG UK sites worth getting?

[JT]

I wonder if there are any other BIG UK sites worth getting?

Yes theres a great webmaster forum called Beer & Bollocks for sale. Ive heard that the owners are looking for offers in the £10million range

paypal and nochex only please

[alan]

On a side note, have you seen this:
http://www.crooks-reunited.co.uk/

run by Ronnie Knight. Find your ex borstal, nick, remand center pals, also approved schools, bail hostels and rehab clinics :cheers2:

one of the main advertisers on there? Duncan Lewis & Co...... Solicitors
:lmao2:

[JT]

On a side note, have you seen this:
http://www.crooks-reunited.co.uk/

run by Ronnie Knight. Find your ex borstal, nick, remand center pals, also approved schools, bail hostels and rehab clinics :cheers2:

one of the main advertisers on there? Duncan Lewis & Co...... Solicitors
:lmao2:

Fucking priceless

[alan]

On a side note, have you seen this:
http://www.crooks-reunited.co.uk/

run by Ronnie Knight. Find your ex borstal, nick, remand center pals, also approved schools, bail hostels and rehab clinics :cheers2:

one of the main advertisers on there? Duncan Lewis & Co...... Solicitors
:lmao2:


If Bravo are going to buy one, this will be it :thumbsup:

[dvtimes]

On a side note, have you seen this:
http://www.crooks-reunited.co.uk/

run by Ronnie Knight. Find your ex borstal, nick, remand center pals, also approved schools, bail hostels and rehab clinics :cheers2:

one of the main advertisers on there? Duncan Lewis & Co...... Solicitors
:lmao2:

thats a cool
link

it has a few approved schools missing, that I used to go to.

But I cannot see many wanting to who went want to join. Many I know are now TV stars and rugby players and so on.

And before you ask, no I was not a bad boy, my dad was the headmaster, so i used to stay at them. And to be honest, most of the lads were great. Often just had crap parents.

[Alf Garnet]

thats a cool
link

it has a few approved schools missing, that I used to go to.

But I cannot see many wanting to who went want to join. Many I know are now TV stars and rugby players and so on.

And before you ask, no I was not a bad boy, my dad was the headmaster, so i used to stay at them. And to be honest, most of the lads were great. Often just had crap parents.

You should start a clowns reunited

[SGS]

thats a cool
link

it has a few approved schools missing, that I used to go to.

But I cannot see many wanting to who went want to join. Many I know are now TV stars and rugby players and so on.

And before you ask, no I was not a bad boy, my dad was the headmaster, so i used to stay at them. And to be honest, most of the lads were great. Often just had crap parents.

Did you ever go to haslar?

[xcite-tv]

Yes theres a great webmaster forum called Beer & Bollocks for sale. Ive heard that the owners are looking for offers in the £10million range

paypal and nochex only please


you dont take cheques then

[xcite-tv]

You should start a clowns reunited

NO ....YOU should start it :lmao2:

[xcite-tv]

And maybe the two who started Friends Reunited should give the £30m to the families the site wrecked