ITV buys Friends Reunited website
Published December 9th, 2005
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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