Penthouse Buys Social Networking Firm Various Inc.

  • December 13, 2007
Penthouse Media Group Inc. has acquired social networking firm Various Inc. for $500 million.

The Palo Alto, Calif.-based Various has a paid subscriber list of more than 1.2 million, and operates more than 25 online communities.

The transaction is the latest expansion move for Penthouse Media, which publishes Penthouse magazine. The company acquired Danni.com and the Jill Kelly Productions library in 2006.

--Tanya Irwin

Next story loading loading..