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ITV Sells Friends Reunited Social Network for $42 Million

Authored by Mark Hefflinger on August 5, 2009 - 11:31am.
London - U.K. broadcaster ITV has sold its Friends Reunited online social network to publisher DC Thomson for just $42 million -- four years after it acquired the company for $289 million, the Financial Times reported.
tags: Deals | Social Networking | TV | iTV | Acquisitions | Publishing | Friends Reunited | DC Thomson |