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'Penthouse' Publisher Makes Another Try For IPO

  • Reuters, Wednesday, May 11, 2011 3:30 PM
Penthouse publisher FriendFinder Networks Inc. -- which was thwarted in its bid to buy rival Playboy Enterprises last year -- tried again for an initial public offering on Tuesday, raising $50 million to repay some of its debt, according to Reuters.

The company, which also operates such social networking websites as AdultFriendFinder.com and BigChurch.com, had filed for an IPO of up to $460 million in 2008, "but later cut the sale in half. Last February, it indefinitely shelved plans for the sale, citing market conditions."

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