Friday, September 20, 2013

United Online Sees Delay In FTD Spinoff

Woodland Hills-based United Online said this morning that it is expecting a delay as it hopes to spin off flower delivery service FTD. According to United Online, it had hoped to target the split by October 1st, but because it has not yet received all of the necessary regulatory approvals, now believes the split will happen on November 1st. United Online--which includes both online services like NetZero, Juno, Classmates, and Mypoints and FTD's more traditional flower delivery services--has been looking to split the two businesses since August of last year. United Online bought FTD back in 2008.