Whoa: AdultFriendFinder May Have Been Acquired For $1 Billion+
Update: Penthouse Media Group may be the buyer.
The company, which was founded by Andrew Conru, is rumored to now have revenues in excess of $300 million annually. The acquisition price is said to be 3x revenue, or around $1 billion.
We’re digging now for confirmation of the deal, and to find out who the buyer is. There’s a recent article on the company with deep background information here.