ITV’s Buyout of Friends Reunited Almost Done

The Friends Reunited buyout hype machine continues..the UK online community site is close to being bought out by broadcaster ITV, reports Sunday Times, and could be announced as soon as this week.

The $210 million buyout will see employees receive windfalls worth thousands of pounds. The long-awaited deal, which will see Michael Murphy, the CEO, and other senior managers agree a three-year lock-in arrangement, will give about half the company’s staff payouts worth up to three times their annual salaries. An additional maximum of

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