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United Online Puts StayFriends On The Block

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Woodland Hills-based United Online said Tuesday that it has hired an investment banker to sell its European social networking website, StayFriends. The company recently sold its Classmates unit as part of a similar move to divest non-growing assets at the company. READ MORE>>.

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United Online Sells StayFriends

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Woodland Hills-based United Online has sold its StayFriends social networking site, to German company Stroer Content Group GmbH , the company said Thursday afternoon. United Online said it will receive 16.0 million euros ($18.3M US) for StayFriends.

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United Online Acquired By B. Riley For $170M

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Woodland Hills-based United Online said Wednesday afternoon that it has agreed to be acquired by B. The company said it will allow its only remaining operating business--its communications segment--to continue under B. Riley and Activision Howard Marks over the company's management and strategic plans. READ MORE>>.

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United Online Retargets Classmates At Nostalgia

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Woodland Hills-based United Online appears to be making a major shift in strategy for its Classmates.com subsidiary. According to United Online this morning, it is looking to transform Classmates from what is now a social networking company to a "premier nostalgia content center" on the Internet. READ MORE>>.