Not 48 hours after FriendFinder postponed their planned initial public offering this week, another stalled dating industry IPO. This time It’s Avid Life Media, which owns the Ashley Madison cheaters adult site. Avid wanted to raise the planned $60 million to acquire another company, I wonder who that was supposed to be?
Update: The site to be acquired is Moxie Media.
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some marketing company, it was in the previous story.