Contributed by: Editor Friday, January 29 2010 @ 01:22 pm
Avid Life Media Inc. is the parent company of several online dating sites. This includes the popular affairs site AsheleyMadison.com, as well as EstablishedMen.com and CougarLife.com. Avid Life Media is looking to raise $60 million with its possible debut on the Toronto Stock Exchange (TSE) in the coming months. In 2009 Avid Life Media earned $30 million in revenue and $8 million in EBITDA. The dating site Ashley Madison, currently accounts for only 15 percent of the total revenue earned by Avid Life Media.
Avid Life Media plans to use some of the money raised to buy an online advertising sales company called Moxy Media.