No sale has yet been closed, but not due to a lack of a willing seller. We’ve gotten confirmation, from a new source, that their annual revenues are “over $300 million.” And we’re now hearing EBITDA numbers in the $100 million/year range. Penthouse seems to be the only serious bidder for the company, but they are clearly talking to a lot of potential buyers. They seem to be ready to sell for a little as $300 million, which suggests founder Andrew Conru wants out of the smut business, and fast.
Weekly Roundup: Tesla’s self-driving tech progress, Apple announces MacBook event| Anna Escher
Facebook plans to reduce censorship, show more offensive but newsworthy content| Josh Constine
Board of Hampton Creek said to be investigating buyback allegations| Connie Loizos
Large DDoS attacks cause outages at Twitter, Spotify, and other sites| Darrell Etherington, Kate Conger