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Friends Reunited for sale for 25 Million

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ShaolinTiger
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PostPosted: Tue Jan 14, 2003 12:16 pm    Post subject: Friends Reunited for sale for 25 Million Reply with quote

Friends Reunited is up for sale and there's a 25m+ price tag on its head. The school and college reunion site has appointed BDO Stoy Hayward to find a trade buyer or a management buy-in team, and the process is "quite advanced", co-founder Stephen Pankhurst told the Sunday Times yesterday.

The Pankhursts and fellow founder Jason Porter own 85 per cent of the business, which employs just 10 people. Recently, it spread its wings overseas, setting up sites in Australia, South Africa and the continent

The founders have done a magnificent job in getting Friend's Reunited this far, but it will need different skills and more capital for the business to hit the really big time.

Accorsing to unnamed sources cited by The Sunday Times, the big portals would be most interested in buying Friend's Reunited. This makes sense: in the UK, Friend's Reunited is truly mass-market, claiming eight million members. Can it only be 2000, when Friends Reunited sprang to life? The quickly established itself in the fabric of British life, claiming eight million 'members'.

Source: http://www.theregister.co.uk/content/6/28827.html
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TheKingster
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PostPosted: Tue Jan 14, 2003 12:44 pm    Post subject: Reply with quote

How does this site actually make money?

All the people I know dont pay for the service, and I cant really see the advantage of paying for it. I got around the bit where they strip out the email by putting username(at)hotmail(dot)com and its still there to this day. All the others I have seen have been removed.

Advertisements maybe but I cant see why its 25m+
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ShaolinTiger
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PostPosted: Tue Jan 14, 2003 12:46 pm    Post subject: Reply with quote

Advertising I guess, and I think a shitload of people pay for it.

8 million users..in the UK alone.

That's a hell of a lot.

It's such a well known brand as well, everyone I know old or young knows the name...that's what's worth money.
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chris
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PostPosted: Tue Jan 14, 2003 1:34 pm    Post subject: Reply with quote

Yeah its a fiver to signup

Even if 200,000 signed up for the pay account, (only 2.5 % of userbase)
this would bring them in 1 million per year.

I dont think everyone is so stingey, imagine in a few years time if you were 40 odd, I think a fiver to get in touch with school friends isnt a lot, must bring it in a fair amount.

I imagine their hosting bill must be huge though, imagine the size of the database backend, 8 million registered users Smile
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ShaolinTiger
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PostPosted: Tue Jan 14, 2003 1:36 pm    Post subject: Reply with quote

Yeh and they have picture galleries and comments and all sorts..

They hold quite a lot of details too so the database must be immense!
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chris
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PostPosted: Tue Jan 14, 2003 1:49 pm    Post subject: Reply with quote

ShaolinTiger wrote:
Yeh and they have picture galleries and comments and all sorts..

They hold quite a lot of details too so the database must be immense!


Its quite amazing what you can do with and access database

Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing
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MR2
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PostPosted: Tue Jan 14, 2003 2:41 pm    Post subject: Reply with quote

With the free registration, you can only view the notes that other members have done.

With the 5 registration you get to email the other people, upload images etc.. That's probably where they get the revenue from.
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supamag
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PostPosted: Tue Jan 14, 2003 3:30 pm    Post subject: Reply with quote

saxo wrote:

I dont think everyone is so stingey, imagine in a few years time if you were 40 odd, I think a fiver to get in touch with school friends isnt a lot, must bring it in a fair amount.


I am 40 odd and thinking back about some of my school mates I would pay a fiver not to be contacted. Laughing

The only person who did contact me through them was my cousin who was in the same class, no one else wants to know me Confused Laughing
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ShaolinTiger
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PostPosted: Tue Jan 14, 2003 3:31 pm    Post subject: Reply with quote

Is your name "billy" supamag Laughing
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