ITV dumps Friends and takes a hit - Techwatch Support Forums: Digital & Satellite TV, FTA, Cable, Computers, Mobile Phones, Apple and General Tech Forums

Internet News · 07-08-09, 11:50 AM

Selling Friends Reunited for £25 million may appear to be a huge loss for ITV, considering that it paid £120 million cash for the site in 2005 and with performance bonuses of a further £50 million that all mounts up to a massive loss.Yet the sale has actually achieved a higher price than industry experts [...]

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07-08-09, 11:50 AM	#1 (permalink)
Internet News Senior Member Join Date: Feb 2008 Posts: 2,747 Thanks: 0 Thanked 11 Times in 9 Posts	ITV dumps Friends and takes a hit Selling Friends Reunited for £25 million may appear to be a huge loss for ITV, considering that it paid £120 million cash for the site in 2005 and with performance bonuses of a further £50 million that all mounts up to a massive loss.Yet the sale has actually achieved a higher price than industry experts [...] More: ITV dumps Friends and takes a hit