FriendFinder has no friends on Wall Street; Needs IPO to stay afloat

ArtWilliams · 2008-12-27, 12:38 PM

http://blogs.zdnet.com/BTL/?p=11329

Seems that the parent of AFF may go under!

It says that they are looking for an IPO (stock sale) to pay off the acquisition of AdultFriendFinder. According to the details, if the IPO fails then they will be in default of their loans. The author thinks it is highly unlikely that enough people will buy in especially during these hard times.

Just thought you might want to know.

2008-12-27, 12:38 PM	#1
ArtWilliams You can now put whatever you want in this space :) Join Date: Sep 2004 Location: Toronto, Canada Posts: 6,244	FriendFinder has no friends on Wall Street; Needs IPO to stay afloat http://blogs.zdnet.com/BTL/?p=11329 Seems that the parent of AFF may go under! It says that they are looking for an IPO (stock sale) to pay off the acquisition of AdultFriendFinder. According to the details, if the IPO fails then they will be in default of their loans. The author thinks it is highly unlikely that enough people will buy in especially during these hard times. Just thought you might want to know. Last edited by ArtWilliams; 2008-12-27 at 12:41 PM..