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The transaction closed today and was unanimously approved by Friend Finder Networks’ Board of Directors."Although with this sale of Penthouse, Friend Finder is exiting the content creation business, we are confident that PGMI is seriously committed to advancing its substantial legacy," said Dr.Parting with our content operations was a strategic decision, and it allows Friend Finder to focus on content sharing and what we’ve created in the world's largest network of online personal interaction and dating sites." FFN is also pleased to announce that it has established an ongoing business partnership with Penthouse to enable its models to continue to appear on FFN's industry-leading interactive video platform.The sale aligns with FFN’s tailored focus on improving its current platforms that empower members to create virtual communities where they can privately and comfortably interact with people with similar interests in safe and stimulating environments, including but not limited to: About Friend Finder Networks Inc. is a leading internet-based social networking and multimedia entertainment company operating several of the most heavily visited social networking websites in the world.You can also solicit partners to expand a business.FE International provides merger-and-acquisitions advisory services for mid-market ecommerce, software-as-a-service, and content businesses.
is a full-service broker to buy and sell a website or domain, in a simple and straightforward platform.
Flippa is a marketplace for buying and selling web businesses, domain names, and apps.
One of the first companies in the space, Flippa remains a dominant marketplace for buyers and sellers of online businesses.
It specializes in business sales in the mid-five to mid-seven-figure range.
FE International has completed over million in business acquisitions and over 425 business sales since 2010.