ITV wins race to buy Friends Reunited for as much as £175m

by Sam Matthews, Brand Republic 06-Dec-05, 10:20

LONDON - As predicted, ITV has acquired internet business Friends Reunited for £120m and an additional £55m, if performance targets are hit by 2009.

Friends Reunited: ITV acquires

Friends Reunited: ITV acquires

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News Items: ITV consumer chief announces major investment in new media; ITV leads bids for Friends Reunited with £170m offer; ITV set for victory in race to buy Friends Reunited; ITV considers further job cuts and Friends Reunited sale

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