friendfinder networks

  • FriendFinder Launches Tablet Games Studio (With A Cool Name)

    FriendFinder Launches Tablet Games Studio (With A Cool Name)

    Internet holding company FriendFinder Networks, which operates a number of adult, social networking, dating and e-commerce websites, has quietly established a game development subsidiary back in 2010. Today, the company said that the studio, which is called Fierce Wombat Games, will be releasing its first title for Mac, PC and iOS in early 2012. Read More

  • FriendFinder Networks Buys Daily Deals Business JigoCity For Up To $65M

    FriendFinder Networks Buys Daily Deals Business JigoCity For Up To $65M

    FriendFinder Networks this morning announced the acquisition of BDM Global Ventures, the company behind daily deals business JigoCity, for a combination of stock and warrants, in a deal worth up to $65 million. JigoCity is a social commerce company that employs approximately 150 employees and powers daily deals in cities like Hong Kong and across countries like Singapore, Malaysia, Taiwan… Read More

  • Still Trying To Get It Up.  FriendFinder Reports $3.7 Million Loss After IPO

    Still Trying To Get It Up. FriendFinder Reports $3.7 Million Loss After IPO

    FriendFinder Networks, which bills itself as an social networking and video sharing technology company but is basically a porn and dating site network operator, has just reported its first results for the quarter since it’s (not so hot) May IPO, which raised $50 million. It’s a mixed bag. Income increased nearly 52 percent year-over-year to $19.7 million, while adjusted EBITDA… Read More

  • FriendFinder Revisits Plans To Go Public

    FriendFinder Revisits Plans To Go Public

    More than a year after cancelling its IPO, citing terrible market conditions, FriendFinder this morning announced that it has filed an amendment to the Registration Statement on Form S-1 with the SEC in connection with a re-launch of its proposed initial public offering. The company says it intends to use the net proceeds of the public offering to repay a portion of its existing indebtedness. Read More

  • Citing Lousy Market Conditions, FriendFinder Networks Cancels IPO

    Citing Lousy Market Conditions, FriendFinder Networks Cancels IPO

    “FriendFinder Networks Inc. (“FFN”) announced today that based on market conditions, it has chosen not to proceed with its planned initial public offering at this time until market conditions improve.” With this short statement, FriendFinder Networks has canceled its IPO plans, following a widely reported delay in trading earlier this week. Read More