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Article: PRVT: sex.se Adult Web Site Acquired by Private Media Group for $1.4 Million.
- Article from:
- PR Newswire
- Article date:
- April 24, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BARCELONA, Spain, April 24 /PRNewswire/ --
Private Media Group, Inc. (Nasdaq: PRVT), worldwide leader in premium-quality, adult entertainment products, services and Internet content, today announced the recent acquisition of Coldfair Holdings Ltd., the owner and operator of the Internet Web-site www. sex.se -- one of the leading adult web sites in Scandinavia.
Under the terms of the agreement, a $1.4 million shares for shares transaction, Coldfair Holdings will become a wholly owned subsidiary of Private Media Group Inc. Private will take over the management of all features of the site including the shop and the sales of memberships, and continue to ...