Thread: How come AdultFriendFinder only sold for 500M?
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Old 07-24-2009, 09:22 PM  
WiredGuy
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Join Date: Aug 2002
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Quote:
Originally Posted by Slappin Fish View Post
For fuck sakes can't half you guy fucking READ?

PENTHOUSE borrowed 500M to purchase Various Inc from Conru than renamed the new company (including the new debt) FriendFinder Networks.

Let me make it easy for you: AFF no debt, Penthouse buys is with 500M of borrowed money, new company 500M debt...

It is in the filing and discussed in every single thread regarding the sale.

I was referring to the new company as well since that's the one doing the IPO. The new company does owe the debt to the former owners.
WG
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