ITV to buy Friends Reunited for €177m

Broadcaster ITV unveiled a £120m (€177m) deal for Friends Reunited today in a move that dramatically boosts the fortunes of its founders.

ITV to buy Friends Reunited for €177m
Tue, 06 Dec, 2005 - 10:06

Broadcaster ITV unveiled a £120m (€177m) deal for Friends Reunited today in a move that dramatically boosts the fortunes of its founders.

Steve and Julie Pankhurst, the husband-and-wife team who set up the website with their business partner five years ago, stand to net around £30m (€44.2m) from the deal.

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