Lots of comments out there on this acquisition. Paidcontent.org says the acquisition was in the 30-40 million range. David evans says they have about a million a year in revenue. Split between dating sites and social networking sites. Userplane is my biggest fixed expense at over $100,000/year, they are probably the only third party site that could accurately/indepently verify just how large Plentyoffish.com really is.
Techcrunch talks about the story to and has a bunch of comments, they speculate what will happen and how it will fit into AOL’s long term strategies. I am a little concerned as well AOL has a history of buying things and then letting them die off slowly.
Congrats to the Userplane team, definately a nice little pot of gold to take home and retire on!
August 17, 2006 at 4:45 am |
Dont worry – I promise I wont let it die – we have setup a bit of a custom deal with them – keeping the company separate and keeping develop in the spirit we have all these years!