INDEPENDENT - July 15 - Cupid sold its BeNaughty.com, Flirt.com and other casual dating sites to Grendall Investment for £43.1M (€50M). The company would retain Cupid.com, LoveAgain.com and UniformDating.com. It also signed a software licensing agreement with Grendall that would generate £2M of revenue over four years. Grendall Investment is managed by Max Polyakov, co-founder of Cupid, who also holds a 15% stake in the company.
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