Fabian Sells Manwin To Management team - Page 4 - GoFuckYourself.com

bean-aid · 10-18-2013, 09:43 PM

Quote:

Originally Posted by baddog

$150

Million after taxes

-150 million after the law hammer drops

BIGTYMER · 10-18-2013, 11:14 PM

Congrats to all the winners!

Shap · 10-19-2013, 01:04 AM

When Mansef sold to Fabian things worked out well for the company. The owners were ready to go and Fabian was ready to take things up a level.

Now Fabian is bought out and I think this will work out great for Manwin and they will probably become stronger as a company.

DamianJ · 10-19-2013, 01:09 AM

Quote:

Originally Posted by baddog

I did not know the UK was part of the EU

Yes, but you are notoriously fucking stupid.

Pornopat · 10-19-2013, 01:32 AM

Quote:

Originally Posted by mikesouth

i tried its bouncing on me email me mikesouth at mikesouth.com

TY

Awesome irony.

Nurgle · 10-19-2013, 02:35 AM

Quote:

Originally Posted by Roald

you must have a raging boner right now huh ;))

sad part is your probably right.... funny thing is Fabien is the one with a few zeros on a check being paid to him and Mike is cheering he has the right information......

funny he always said he wasnt an owner lol

One day mike will get back to reporting news... right???

Barefootsies · 10-19-2013, 02:56 AM

Quote:

Originally Posted by DamianJ

Yes, but you are notoriously fucking stupid.

Alex1776 · 10-19-2013, 03:17 AM

Quote:

Originally Posted by mikesouth

i tried its bouncing on me email me mikesouth at mikesouth.com

TY

Just want to re-post mike's complete idiocy

DWB · 10-19-2013, 03:24 AM

Quote:

Originally Posted by Achmed

Mike Souths please email me I have breakings news

Quote:

Originally Posted by mikesouth

i tried its bouncing on me email me mikesouth at mikesouth.com

TY

Awesome.

Quote:

Originally Posted by philguy

For 300 mil, I'd sodomize everyone bitching in this thread with a chainshaw and use their innards to make blood sausage for breakfast.

That's kind of sad really, but hey, the world will always need whores willing to do anything for money. Prostitutes make the world go 'round.

BTW... it's chainsaw. Perhaps you could use $1.99 out of that $300 million to buy a spelling app. Just sayin'.

OldJeff · 10-19-2013, 04:45 AM

Quote:

Originally Posted by philguy

If this is true, let me get this straight...do you halfwits whining understand this man just walked away with 300, that is THREE HUNDRED million dollars?

None of you content whores can stalk facebook for damaged 18 year olds or find enough tranny hookers in a 1000 years to make that kind of cash.

For 300 mil, I'd sodomize everyone bitching in this thread with a chainshaw and use their innards to make blood sausage for breakfast.

I thought the money I made in the late 90's, early 2000's was impressive. This guy just won and I mean owned all of your asses.

This demonstrates why content providers for the most part will always be suitcase pimps...I say good for him. What he did was legal and he'll pay his tax shit. Welcome to business 101; if it's legal and profitable, you do it.

I like you, can we be friends

NinjaSteve · 10-19-2013, 06:54 AM

Quote:

Originally Posted by DWB

BTW... it's chainsaw. Perhaps you could use $1.99 out of that $300 million to buy a spelling app. Just sayin'.

He didn't $300 million yet. So... chainshaw it is! (for now?)

dyna mo · 10-19-2013, 07:05 AM

i thought he meant he was going to give everyone chain shawls

facialfreak · 10-19-2013, 07:22 AM

My bitcoins itch ........

SZNY · 10-19-2013, 07:26 AM

Wooow congrats with 300M you can start new nice things

adultmobile · 10-19-2013, 07:38 AM

Quote:

Originally Posted by Achmed

Mike Souths please email me I have breakings news

[email protected]
[email protected]

Quote:

Originally Posted by mikesouth

i tried its bouncing on me email me mikesouth at mikesouth.com

slapass · 10-19-2013, 08:14 AM

Quote:

Originally Posted by ladida

This makes sense. Majority shareholder owns company worth 600m+, sells to management for 300m.

So now when that's not true he either
a) publicly made false announcement, and made contract with the management to lead the company while he still owns it
b) was never the majority shareholder

Or owed 300m still to the Wall Street firm that funded his moves? Or value has dropped for a quick sale. Your own math puts him at 50% owner.

slapass · 10-19-2013, 08:17 AM

Quote:

Originally Posted by baddog

$150

Million after taxes

Long term capital gains. I say congrats. The guy worked a loophole and came out a winner.

Ps: I don't produce content so it flavors my view.

DWB · 10-19-2013, 10:15 AM

Quote:

Originally Posted by NinjaSteve

He didn't $300 million yet. So... chainshaw it is! (for now?)

Quote:

Originally Posted by dyna mo

i thought he meant he was going to give everyone chain shawls

mineistaken · 10-19-2013, 11:03 AM

Quote:

Originally Posted by MaDalton

Schengen Treaty

free within the EU

Not all EU. UK is not Schengen, so another reason...

mineistaken · 10-19-2013, 11:05 AM

Quote:

Originally Posted by baddog

$150

Million after taxes

50% income tax? Dayumm.

AsianDivaGirlsWebDude · 10-19-2013, 12:13 PM

Translated from Die Welt:

Quote:

The rumors were circulating in the porn industry for a while : The top executives of the Internet giant Manwin sex would be the German company owner Fabian Thylmann like to get rid of , because German prosecutors are investigating him on suspicion of tax evasion.

Behind closed doors, it was said : Thylmann should get an offer he could not refuse.

Now it is apparently so far . The American trade magazine XBIZ reported : Thylmann sold his shares in the Group , which includes the well-known brands such as Porn Youporn , Pornhub or MyDirtyHobby , a " top management team " of the group .

The magazine quotes a letter from Fabian Thylmann and his wife to the employees of Manwin . With " sadness in the heart " they had opted for the step. " Please believe me , this decision was one of the worst in the lives of my wife and me ," reads the letter .

The exact reasons for the leave , the couple left in the dark . "Both myself and Manwin , are at a point where I can contribute no decisive value more with my skills ," writes Thylmann .

Future will be decided in Canada

The IT entrepreneur named nor the names of top managers who take over the company now . The usually well-informed industry blogger Mike South writes , however , that it shall be at the buyers to Feras Antoon and David Tassilo .

Both are managers in the Canadian site of Manwin in Montreal , where the majority of the employees sitting . The site is considered the largest and most important group of companies and Antoon as the central figure in Montreal .

After Thylmann was arrested last December by German prosecutors and spent several days in custody , Antoon had already replaced him as CEO of Manwin Holding Sarl . This is the ultimate holding company of Mawin , which is registered in Luxembourg .

Thylmann the time being , however, remained the sole owner . Why did he just now decided to sell and if anyone has had on him pressure is unclear.

Purchase price could be more than $ 100 million

South claimed that several informants were opposite a purchase price of 100 million dollars ( 73 million euros ) talked to him , get the Thlymann for the group.

In addition, there is a " Note on an additional 200 million" . Whether the sum is correct, where the Canadian managers have the money and whether other investors are involved is not known .

Fabian Thylmann thus ending an unusually successful career with the dubious corporate network . In recent years Thylmann had placed a breathtaking expansion with Manwin bought together and many well known porn company . Long the Mitdreißiger was considered the new Hugh Heffner . Also because Manwin a license of "Playboy" for online marketing and the TV received the Bunny brand .

On the other hand polarized Thylmann the global porn industry because he offers with so-called tube sites Onlinesex free . He was the ultimate low-cost competition , a revolutionary business models , but is also a mystery.

Thlymann created the largest online porn company in the world

According to XBIZ Manwin is now the largest online porn company in the world . The group operates tube porn sites and other offers like Youporn , Pornhub , Reality Kings , XTube , Brazzers , extremetube , MyDirtyHobby , the porn studio Digital Playground and Live Sex offer Webcams.com .

The money for the many acquisitions came from a 362- million-dollar loan that provides Thylmann had two former Goldman Sachs banker. A portion of the credit can be traced back to the New York hedge fund Fortress Investment Group .

The "Welt am Sonntag " had the dubious structures and methods of Manwin made public a year ago and the first newspaper described the career of the boss and founder Fabian Thylmann .

The dossier also focused on abnormalities in the company's design, gave rise to the suspicion of tax evasion. Thus , the reporter found the Luxembourg office , where the ultimate holding company and several subsidiaries reside , orphaned before .

They also discovered a complex network of more than 35 companies in Montreal , London, Hamburg , Los Angeles and in Cyprus.

In 2012 came the Dezemer tax investigation

In particular, statements of employees and documents from the Hamburg office of the sex sites MyDirtyHobby had then pointed to questionable business practices. So were German porn actor for their films invoices indicating the Cypriot VAT has been deducted .

Questions about Thylmann left and then his spokeswoman unanswered. However, they were later legal action against the publication of the "Welt am Sonntag " before and lost in court.

In December 2012, then slammed the German tax investigation . The officers searched Thylmanns villa in Brussels and the Manwin office in Hamburg. The Manwin boss spent several days in custody.

Waiting for the prosecution

Only against the payment of a two -digit million deposit he was free again . His passport , the authorities maintained a .

Two German prosecutors determined the meantime against the employer . To the suspicion of tax evasion - the talk is of more than ten million euros - was also suspected of disseminating pornography to minors.

How long the authorities will need for their investigation and whether there will be charges , almost exactly a year after the first release in the "Welt am Sonntag" in sight.

In Thylmanns farewell letter to his employees any self-criticism is in any case to recognize : "I hope I have all of you and the management taught the correct values in order to run the business on the way I look forward to its further development Who knows, maybe . . some will our paths cross again .

ADG

ladida · 10-19-2013, 01:36 PM

Quote:

Originally Posted by slapass

Or owed 300m still to the Wall Street firm that funded his moves? Or value has dropped for a quick sale. Your own math puts him at 50% owner.

Exactly, by that math he would be 50% owner, which he said he was not. So he lied then or now. I believe now.
The firm that loaned the money loaned it to the company, there's no reason for him to feel personal liability based on that.

L-Pink · 10-19-2013, 01:42 PM

Quote:

Originally Posted by ladida

Exactly, by that math he would be 50% owner, which he said he was not. So he lied then or now. I believe now.
The firm that loaned the money loaned it to the company, there's no reason for him to feel personal liability based on that.

Unless he also signed a personal guarantee.

Ad-Min · 10-19-2013, 01:50 PM

Quote:

Originally Posted by Robbie

No, if you don't have any skin in the game...I can't explain it to you at all. Thanks for asking.

LOL,exactly what i've expected!
Thanks for proving me that you have no clue!

Ad-Min · 10-19-2013, 01:53 PM

Quote:

Originally Posted by BareBacked

LOL I thought the same thing but was not going to bother.

Yes,me neither,at first i was about to edit my post like :

Nevermind,i don't care what you think and i don't care what Fabian is doing!

I've missed that chance and i've got that reply,LOL

madeofmoney · 10-19-2013, 02:19 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude

Translated from Die Welt:

ADG

Markul · 10-20-2013, 01:46 AM

Quote:

Originally Posted by mikesouth

i tried its bouncing on me email me mikesouth at mikesouth.com

TY

Oh man. You'll be hearing for that one for a long time

signupdamnit · 10-20-2013, 06:45 AM

Many of us have been saying something like this would happen sooner rather than later. Of course the usual suspects laughed that off, as is usually done by the adult bro club.

I wish Fabian and his family the best. I don't like what Manwin and the people behind them helped do to this industry but Fabian has usually been pretty cool over the years to answer questions here and engage in debate. I have to respect that. Also I still feel, despite what he says, that he was always more just doing a job and never in full control.

It'll be interesting to see what happens to Manwin now. In my opinion this isn't good and is a bad sign.

signupdamnit · 10-20-2013, 06:57 AM

Quote:

Originally Posted by Shap

15 year payment plan (only 13 left). Talked to Fabian today he assured me all was good I'll get paid

I'm surprised you would do a 15 year payment plan. Most of the big companies from 15 years ago aren't around today. Heck, the same is true to some extent for 5 years. You are taking on a lot of risk.

MrDeiz · 10-20-2013, 07:11 AM

https://gfy.com/showthread.php?t=1124003

BareBacked · 10-20-2013, 07:26 AM

Quote:

Originally Posted by signupdamnit

I'm surprised you would do a 15 year payment plan. Most of the big companies from 15 years ago aren't around today. Heck, the same is true to some extent for 5 years. You are taking on a lot of risk.

Shap · 10-20-2013, 08:10 AM

Quote:

Originally Posted by signupdamnit

I'm surprised you would do a 15 year payment plan. Most of the big companies from 15 years ago aren't around today. Heck, the same is true to some extent for 5 years. You are taking on a lot of risk.

Sorry i was just being a jerk with that reply. I was paid in full the day the deal closed

NewNick · 10-20-2013, 08:36 AM

Quote:

Originally Posted by DamianJ

Didn't say you did.

Not many front men can sell the company? Kinda defeats the idea of having a front man, doesn't it?

That would be a valid point if you believe that he ever bought the company in the first place.

Lets re cap the press releases that we have been told over the years.

Unless I am mistaken he bought the company for over $100m. I dont think even his biggest fans argue that he walked in with cash. So he either managed to borrow $100m to buy a company that was under serious scrutiny by law enforcement at the time, or the $100m never changed hands. Or his "ownership" was always at the gift of individuals with the real power.

I for one do not believe that it is possible to borrow money to buy companies that are having their bank accounts frozen and assets seized because they are accused of laundering money. You might be able to borrow the cash from dubious sources, but Not from bona fides financial institutions with shareholders and regulators to answer to.

Manwin under his leadership then went on to raise 100s of millions of dollars more from wall st to grow the empire, all at a time when the global economic machine was grinding to a halt.

And now he has sold the company for the same $100m and promise of jam later ?

So one would assume that the additional payments come with all manner of caveats. e.g. Forgetting where the skeletons are, taking the rap on the tax charges etc.

So in for $100m, and out for the same sum. Along the way he way he collected some serious criminal charges regarding his personal tax affairs.

Now I dont care about Manwin, Fabian, Mike South, or any of the other peeps getting hot under the collar here. But the dogs in the street know that this story is horseshit, and from what I can see our erstwhile hero appears to have been chewed up and spat out by the company he claimed to own.

He arrived with nothing, and he is leaving with nothing. Except for looming prison time, and some very interesting dinner party conversation.

mikesouth · 10-20-2013, 09:19 AM

Quote:

Originally Posted by Markul

Oh man. You'll be hearing for that one for a long time

come on yall im having fun with it LOL

DerKramer · 10-20-2013, 09:45 AM

Just wonder if is good or bad news...time will show....

DWB · 10-20-2013, 09:46 AM

Quote:

Originally Posted by mikesouth

come on yall im having fun with it LOL

That was a good one.

adultmobile · 10-20-2013, 01:18 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude

Translated from Die Welt:

"The usually well-informed industry blogger Mike South writes"

AsianDivaGirlsWebDude · 10-20-2013, 01:21 PM

Quote:

Originally Posted by adultmobile

ADG

JohnnyPearl · 10-20-2013, 01:33 PM

Manwin just laid off 200+ people on Friday from the Montreal office.

Barefootsies · 10-20-2013, 01:39 PM

Quote:

Originally Posted by JohnnyPearl

Manwin just laid off 200+ people on Friday from the Montreal office.

Not possible.

The news report did not break on mikesouth.com and he's in the know on everything Fabio/Manwinning.

Robbie · 10-20-2013, 01:44 PM

Quote:

Originally Posted by Ad-Min

LOL,exactly what i've expected!
Thanks for proving me that you have no clue!

No pal...I proved that you have no clue. If you were really in this business you would understand. Thanks for you input surfmaster.

Robbie · 10-20-2013, 01:46 PM

Quote:

Originally Posted by Shap

Sorry i was just being a jerk with that reply. I was paid in full the day the deal closed

Good deal!

JohnnyPearl · 10-20-2013, 01:58 PM

Quote:

Originally Posted by Barefootsies

Not possible.

The news report did not break on mikesouth.com and he's in the know on everything Fabio/Manwinning.

lol!! Good one.. But seriously they canned 200+ people on Friday. Shut down whole departments.

Shap · 10-20-2013, 02:16 PM

Quote:

Originally Posted by JohnnyPearl

Manwin just laid off 200+ people on Friday from the Montreal office.

Gonna run a tight money making ship now imo

Shap · 10-20-2013, 02:17 PM

Quote:

Originally Posted by Robbie

Good deal!

DWB · 10-20-2013, 02:56 PM

Quote:

Originally Posted by Shap

Gonna run a tight money making ship now imo

You mean a pirate ship.

Ad-Min · 10-20-2013, 03:12 PM

Quote:

Originally Posted by Robbie

No pal...I proved that you have no clue. If you were really in this business you would understand. Thanks for you input surfmaster.

right,i am surfing the web since 1998!

AsianDivaGirlsWebDude · 10-20-2013, 03:12 PM

200 Laid-Off Manwin Employees (well, 201 if you count Fabian/Nathan)...

Quote:

Originally Posted by JohnnyPearl

Manwin just laid off 200+ people on Friday from the Montreal office.

Quote:

Originally Posted by Barefootsies

Not possible.

The news report did not break on mikesouth.com and he's in the know on everything Fabio/Manwinning.

Quote:

Originally Posted by JohnnyPearl

lol!! Good one.. But seriously they canned 200+ people on Friday. Shut down whole departments.

From Mike South blog, July 30, 2013 (less than 3 months ago):

Quote:

Manwin Laying Off Lots of People
By MikeSouth
July 30th, 2013

In the past week or so Manwin has cut employees pretty much across all of their properties, Digital Playground lost about half of their production staff with some being replaced by cheaper workers. Any idea that DP will ever do another blockbuster like ?Pirates? is an unlikely scenario, but it isn?t just Digital Playground, they have also laid people off from virtually all of their other properties as well. Playboy in particular stands out. Word on the street is that?s the one that will fall first. Playboy is reportedly fed up withManwin devaluing the brand. Most people involved believe that October 15th will be the end of Playboys run with Sirus/XM Radio when Sirus cancels the contract.

Quote:

What it looks like here is that Manwin is running out of money and they are trying to hold together a crumbling empire. You haven?t heard so much as a peep from Fabian in months and the power structure at Manwin is being hidden in ways similar to how the Chinese Government worked in the 80s, more on that coming.

I remember Fabian posting how Manwin was stronger than ever and expanding...

Quote:

Originally Posted by Nathan

Can you at least PRETEND to have facts before you post stuff? Your posts usually are funny, but it gets literally stupid when you start claiming things without ANY proof at all.

I am not even talking about your deductive skills that make you believe that Manwin is firing "lots" of people or that we are in a financials crisis spinning out of control... I realize your intellect is not big enough to actually understand these things... But at least put SOME thought in what you write, or I will lose a fun morning reading source! :/

Quote:

Originally Posted by mikesouth

HAHA I drew him out but it wont last George and / or Feras will soon tell him to shut the fuck up....

Quote:

Originally Posted by Nathan

Right... George or Feras... Lol.

Quote:

Originally Posted by Nathan

But wait, I thought I am controlled by George and Feras? How could I be looking for a new investor?! Then again it fits the rest of the logic here I guess...

On the bright side, at least the layoffs will improve the employee to restroom ratio.

Strange Factoid: Fabian was forced out of business before Paul Markham closed his business.

ADG

madeofmoney · 10-20-2013, 03:14 PM

Quote:

Originally Posted by DWB

You mean a pirate ship.

globofun · 10-20-2013, 03:30 PM

The close protection budget got busted?

10-19-2013, 07:22 AM	#163
facialfreak Confirmed User Join Date: Feb 2005 Location: Montreal Posts: 3,018	My bitcoins itch ........ __________________ Managed Shared Hosting starting at $4.99/mo Managed VPS starting at $29.99/mo

10-19-2013, 07:26 AM	#164
SZNY SZNY Industry Role: Join Date: May 2004 Location: Sexy Republic Posts: 2,799	Wooow congrats with 300M you can start new nice things __________________ Telegram: sandroanthonio

10-20-2013, 06:45 AM	#178
signupdamnit Confirmed User Industry Role: Join Date: Aug 2007 Posts: 6,697	Many of us have been saying something like this would happen sooner rather than later. Of course the usual suspects laughed that off, as is usually done by the adult bro club. I wish Fabian and his family the best. I don't like what Manwin and the people behind them helped do to this industry but Fabian has usually been pretty cool over the years to answer questions here and engage in debate. I have to respect that. Also I still feel, despite what he says, that he was always more just doing a job and never in full control. It'll be interesting to see what happens to Manwin now. In my opinion this isn't good and is a bad sign. __________________ You don't like my posts? Put me on ignore or fuck right off. I'll say what I want.

10-20-2013, 07:11 AM	#180
MrDeiz SignBucksDaily.com Join Date: May 2008 Posts: 9,802	https://gfy.com/showthread.php?t=1124003 __________________ Make money with WEBC$MS The only way to still make money in adult

10-20-2013, 03:30 PM	#200
globofun Buk Lau Industry Role: Join Date: Aug 2005 Location: Rangahan Titomangoyamteerumgae Posts: 2,651	The close protection budget got busted? __________________ Wanna Make Huge Profits? Listen to me carefully: I will not tell you how to make money in this business and I won't give you a Fucking Link to a sponsor so I can make 5% of nothing....get yourself a Fucking Plan, stick to it, don't be a Lazy Bitch, and you will make money!

10-18-2013, 11:14 PM	#152
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	Congrats to all the winners!

10-19-2013, 01:04 AM	#153
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	When Mansef sold to Fabian things worked out well for the company. The owners were ready to go and Fabian was ready to take things up a level. Now Fabian is bought out and I think this will work out great for Manwin and they will probably become stronger as a company.

10-19-2013, 07:05 AM	#162
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 63,906	i thought he meant he was going to give everyone chain shawls

10-20-2013, 09:45 AM	#185
DerKramer Registered User Industry Role: Join Date: Oct 2013 Posts: 44	Just wonder if is good or bad news...time will show....

10-20-2013, 01:33 PM	#189
JohnnyPearl Confirmed User Join Date: Mar 2004 Location: Montreal Posts: 425	Manwin just laid off 200+ people on Friday from the Montreal office.