SOLD: Friends Reunited Sells For £25 Million

 By 
Pete Cashmore
 on 
SOLD: Friends Reunited Sells For £25 Million
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Surprisingly, that's good news: we'd previously reported that ITV was considering an offer of £15 million, which would have meant a 91% loss on their original purchase price.

The Guardian writes of the sale:

Brightsolid, which runs ventures including Find My Past, has acquired all the assets of Friends Reunited, including a dating operation, genealogy business and social networking site.

For Brightsolid the most attractive part of the business is Genes Reunited which has millions of members, is still growing and has a solid revenue stream through subscriptions.

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