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United Online Announces Sale of Classmates, Inc. for $30 Million in All-cash Transaction

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WOODLAND HILLS, Calif.--(BUSINESS WIRE)--United Online, Inc. (NASDAQ: UNTD), a leading provider of consumer services and products over the Internet, today announced that it has completed the sale of all of the stock of its wholly-owned subsidiary, Classmates, Inc., to Intelius Holdings, Inc. for $30 million cash, subject to a post-closing working capital adjustment. “This is a great outcome for United Online and is fully consistent with our strategy to focus on our growth areas of e-commerce an

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