Wednesday, October 27, 2004
United Online Buys Classmates For $100M
Woodland Hills-based United Online said yesterday that it has agreed to acquire Classmates Online, a provider of alumni-networking services, for $100M cash. Classmates provides a subscription service for high school, college, military, and other alumni to connect with one another. According to United Online, Classmates has 1.4 million pay subscribers and 10.3 million active accounts in its database of people, generating $54M in operating revenues. Classmates has 175 employees based in Renton WA. United Online runs the NetZero, Juno, and other Internet Services, and is one of the larger ISPs in the country.