Tag Archives: new frontier media

Hollywood, Gaming Execs Step Into Porn Takeover Battle

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The already hostile takeover fight for New Frontier Media, the publicly traded owner of nine adult-themed pay-per-view networks, has expanded to include a pair of Hollywood power players – one of whom is also a former video game executive.

Longkloof Limited, which launched the bidding in early March, recently announced its intention to nominate four new board members at New Frontier’s annual meeting in an apparent attempt to push its $19 million offer through. (Porn giant Manwin has made a competing $24 million offer for the company.)

Read more at CNBC.com

Takeover Battle Looms for Publicly Traded Porn Company

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Despite a widely publicized downturn in porn industry profits over the past few years, investors still think there’s money to be made there – so much so that a bidding war has erupted for one of the few publicly traded companies with ties to the adult industry.

New Frontier Media, which oversees nine adult-themed pay-per-view networks, including XTSY, TEN and Penthouse TV, has received a pair of unsolicited takeover offers this month as the company’s stock has hovered under $2 per share for over a year.

Read more at CNBC.com