Summary:

UK communty site Friends Reunited has made its first major acquisition, with the purchase of an Australian counterpart called Schoolfriends.…

UK communty site Friends Reunited has made its first major acquisition, with the purchase of an Australian counterpart called Schoolfriends.com, in a deal estimated to be worth as much as £1m.

Schoolfriends.com has 1m members for its Australian and New Zealand reunification service, and also has sites for people who went to school in the UK, Ireland, Malaysia, Hong Kong, South Africa and Singapore.

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