(Reuters) – Maybe sexual intercourse does not promote that very well to be honest.
FriendFinder networking sites Inc FFNT.PK , publisher of Penthouse journal and numerous adult-entertainment internet sites, recorded for section 11 bankruptcy on Tuesday.
The pany, which needed to bine social network and love, claimed they have struck a package with noteholders that will lower the loans by $300 million if approved by the U.S. Bankruptcy the courtroom in Delaware.
Under the plan, one group of noteholders takes ownership from the love fun companies, which traces their origins for the belated Penthouse author Bob Guccione. As is also characteristic in personal bankruptcy, shareholders will most likely be remaining with really.
Control over the pany would head to Andrew Conru and Lars Mapstead, two noteholders exactly who supplied numerous social networking websites to FriendFinder in 2007.
Through a community of many web sites, FriendFinder provides alive training video, chat rooms, and photos and training video writing.