The UK-based online community website Friends Reunited is pondering a sale and has appointed Long Acre, the corporate-finance media specialist, to figure out the options. The price for the sale might go up to about $215 million, according to this story.
Friends Reunited was founded in 2000 and is now one of Britain’s most successful new media companies.
Telegraph: Friends Reunited hired Michael Murphy, former Financial Times COO, as CEO in February 2003 to help grow the company. Mr Murphy is also a minority shareholder.
The U.S. equivalent of the company, Classmates.com, sold to United Online last year.
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