<<In what may be a record in the adult-entertainment industry, Penthouse magazine's publisher says it paid $500 million for a Silicon Valley company running one of the biggest sexually oriented social-networking websites.
The deal announced Wednesday for Palo Alto-based Various adds AdultFriendFinder to Penthouse's portfolio as it expands further into the fast-growing field of social networks led by MySpace >>

http://www.usatoday.com/tech/techinv...enthouse_N.htm

That's from 2007. And it's unclear how much the founders actually got, given that Penthouse is loaded with debt (from their IPO documents).

I believe the founders actually got a lot of the money in cash, its just that the buyers were funding the acquisition with loans. Now the company has had to restructure the debt and tried to solve its debt problems with an IPO - which was postponed (maybe indefinitely?).

Originally posted by GeorgeK
That's from 2007. And it's unclear how much the founders actually got, given that Penthouse is loaded with debt (from their IPO documents).

Sorry George .. i didn't look at the date .. i didn't know that Penthouse owned AdultFriendFinder ... i found this story somewhere can't remember where though, thought it was new biz ...

Hi,

As adult industry running speedily it has no doubt that penthouse's gain don't worry about it.