THE GLOBE AND MAIL - Jan 25 - Avid Life Media, the parent company of dating sites such as CougarLife.com, EstablishedMen.com and AshleyMadison.com, a site for people seeking extramarital relationships, is raising $60M and is pushing for a listing on the Toronto Stock Exchange. Avid Life posted $30M of sales and $8M of earnings before interest, taxes, depreciation and amortization (or EBITDA) in 2009. Avid Life will use part of the money in a private placement to acquire privately held Moxy Media, an online advertising sales company that runs more than 300 websites.
The full article was originally published at The Globe and Mail, but is no longer available.
See all posts on AshleyMadison
See all posts on CougarLife
See all posts on EstablishedMen
