Finding the right home for your business
I was part of the team that sold Friends Reunited to ITV in December 2005 - to that point, the largest sale of a privately held internet company in UK by value. It was my first big deal and one that I think ought to serve as a template for how deals are done.
The FR team actually cared about the brand and the people who helped them turn it into a big business. Unlike most sellers I've worked with, they passed on the highest bid for their company, in order to ensure that it went to ITV, the right home.
We'll look at how that deal turned out another day. For now, I just want to pass along how much admiration I have for Michael Murphy, Tim Ward and Rob Mogford and their team.
The FR team actually cared about the brand and the people who helped them turn it into a big business. Unlike most sellers I've worked with, they passed on the highest bid for their company, in order to ensure that it went to ITV, the right home.
We'll look at how that deal turned out another day. For now, I just want to pass along how much admiration I have for Michael Murphy, Tim Ward and Rob Mogford and their team.
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