Tuesday, April 11, 2006

United Online Buys MyPoints for $56M

"ISP and online media company United Online, the parent of Classmates.com, has purchased loyalty player MyPoints.com from United Airlines (UAL) for $56 million in cash.
The deal follows Classmates.com's acquisition last month of Opobox, which operates social networking site The Names Database, for approximately $10 million in cash. "

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