Tuesday, September 20, 2005

Tues - Friends Reunited could fetch $200M

The latest internet company likely to get sold for a good amount of money is Friends Reunited, the English network of websites founded on putting old school friends back in touch. They have set bidders a deadline of next week to submit offers.

Established media groups such as News Corp are apparently bidding with internet companies such as Yahoo and Ebay. Friends Reunited is owned privately by its founders and management.

The sale of yet another private internet company just proves that internet stocks are back in fashion and valuations are soaring again.

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