AIM Cesspit listed Cupid (CUP) has announced that it has sold its casual dating (i.e. casual sex) sites for £43.1 million. Paid for researchers Edison have published a note giving this the full spin. But watch out. All is not as it seems.
The sites being dumped were the ones where it was alleged that Cupid was doing dodgy things in the Ukraine. Of course the KPMG whitewash (I mean independent report) cleared Cupid of all wrong doing but since KPMG did not even speak to the reporter who uncovered all the alleged wrong doings and who has not been sued for libel, that report was a joke. But now Cupid can distance itself from that sort of thing by flogging the sites to their founder, Max Polyakov.
For £43.1 million? Er no.
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