PlanetOut Takes Big Loss on Sale of Tour Unit RSVP Vacations

RSVP Vacations, the packaged tour unit of gay and lesbian media company PlanetOut, was sold for $2.15 million to Atlantis Events, according to an SEC filing. The company originally announced the disposal last week, fitting with a plan to shed itself of non-core assets. As part of the deal, Atlantis Events promises to spend at least $450,000 across PlanetOut’s online and print properties through June 2010. The sale price is well below the $6.5 million plus $3 million in potential earnouts that PlanetOut (NSDQ: LGBT) paid for RSVP just last year. Filing.

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