Classmates.com Hived Off United Online; Files For $125 Million IPO; United Still Majority Owner

Classmates.com, the online community site for connecting with old classmates and friends (started before the phrase social network became trendy), is being hived off United Online (Nasdaq: UNTD), and has filed for a $125 million IPO. The company, founded in 195, was bought out by United in 2004 for $100 million.

The new hived off company will be called Classmates Media, and will include Classmates Online and it online loyalty marketing service MyPoints.com, both of which together have represented the majority of UOL

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