Uniedus Corp Parent To Uniedus Media Group Announced Today That It Has Selected Banks for IPO.
(PRWEB) October 5, 2005 -- Uniedus, the nation's largest provider of media stands and internet portals for adult content, plans to file for an IPO with the Securities and Exchange Commission within the next few weeks. Mr. Lazarus expects the IPO to raise at least $3 billion.
An IPO would come at a time when driven by fear of losing advertisers and audience to the Internet, large media conglomerates are spending billions in a spate of acquisitions and aggressive Internet initiatives, and are likely to keep on spending.
Companies like Viacom Inc., News Corp. and Time Warner Inc. worry that they will miss the rapid expansion of Internet advertising while their own, more-traditional sources of revenue growth are slowing. Uniedus goal is to directly challenge the giant portals like Yahoo Inc. and Google Inc. -- Web sites that serve as gateways to the Internet.
Uniedus has started transferring some of their most valuable content to over 300 online sites, even though that risks alienating their traditional distribution partners.
About Uniedus:
Uniedus has more than 3,800 media stands and has been adding 20-30 each quarter and owns and operates 5,000 adult related internet sites. Founded in 1997, with one media stand in Columbus, Ohio Uniedus brands have grown to more than 3,800 stands and six media companies.
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