United-Online
Classmates

Update: Classmates IPO is Pulled

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Microsoft Buys Multimap for a Reported $50 Million

classmates-logo.pngWith the IPO market cooling, United Online has pulled the IPO of its Classmates.com business. No surprise here. I thought the filing smelled funny from the get-go. Nobody else was buying Classmate’s story either. Let’s see, a high churn rate, an FTC investigation, and hints of self-dealing. No wonder investors passed.

How is United Online going to get back that $50 million it “loaned” to its subsidiary now?

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