opwmark
Active-iDate-User
Joined: 07 Jun 2006
Posts: 190
Location: New York
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 Posted: Tue Jan 13, 2009 8:57 am Post subject: Sun Sets On PlanetOut |
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SF BUSINESS TIMES -- Jan 9 -- Gay and lesbian media company PlanetOut Inc will merge with Here Networks and Regent Entertainment Media, two related businesses that have bought parts of PlanetOut in the past few years. Here Media and Regent will pay $4.7m in cash into the new company as part of the deal. They'll own, through special preferred shares, 80% of the business after the merger.
MORE NEWS @ ONLINE PERSONALS WATCH
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Mark Brooks
Editor, Online Personals Watch
mark@onlinepersonalswatch.com
USA: 212-444-1636, UK: 020 8133 1835 |
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