Subscribe to RSS Feed

01|25|2010 11:12 am EDT

AshleyMadison.com to Go Public, to Purchase Moxy Media

by Frank Michlick in Categories: News

According to an article in the Canadian Globe & Mail, the Parent Company of Ashley Madison and other adult(ery) oriented websites, Avid Media Life, is planning to go public on the Toronto Stock Exchange (TSX) this year, wanting to raise $60 million CAD. The company operates websites such as CougarLife.com , EstablishedMen.com and AshleyMadison.com and is planning to use part of the funds raised in a private placement to buy Guelph based Moxy Media. Moxy Media is a remainder of the previously split GeoSign.

Avid Life posted $30-million of sales and $8-million of earnings before interest, taxes, depreciation and amortization (or EBITDA) in 2009. The latter number was a four-fold increase from 2008, according to documents used to market the deal. […]

Moxy reported sales of $192-million and $27-million of EBITDA in 2009, according to documents used to market the deal. After the takeover, Avid Life will list on the TSX Venture Exchange or Toronto Stock Exchange by staging a reverse takeover of a shell company.

[via Canadian Globe & Mail]

Tags:

6 Comments

Josh

January 25, 2010 @ 9:31 pm EDT

That shouldnt be a problem, if theres one bet to stick with no matter the economic climate it’s sex :)

[…] This post was mentioned on Twitter by DomainNameNews, Latest Domainer News, Adam, The Domainer Times, vonhost and others. vonhost said: Domain News AshleyMadison.com to Go Public, to Purchase Moxy Media http://bit.ly/6xRcKT […]

uberVU - social comments

January 25, 2010 @ 11:16 pm EDT

Social comments and analytics for this post…

This post was mentioned on Twitter by domainnamenews: #domains: AshleyMadison.com to Go Public, to Purchase Moxy Media http://bit.ly/5V6N86

[…] the recent news about Geosign Spin-Off Moxy Media, we also came across news about Restaurantica, a restaurant review website that was originally […]

stu

January 31, 2010 @ 7:52 pm EDT

Expect a massive craze amongst venture capitalists,this is gonna be the next .com boom…..adult dating and social networks.

WATCH THIS SPACE !

[…] reported earlier, Avid Media Media Inc. (parent company of sites such as AshleyMadison.com) was planning to go public and use part of the raised funds to purchase Moxy Media. According to an article published by […]

RSS feed for comments on this post · TrackBack URI

Leave a Reply