Р В Р вЂ Р В РІР‚С™Р РЋРЎв„ўBoth assets have a place in the market and credible uses of proceeds, but they appeal to different investors and no real synergies are evident,Р В Р вЂ Р В РІР‚С™Р РЋРЎС™ the source said. Р В Р вЂ Р В РІР‚С™Р РЋРЎв„ўThey have a contractual obligation to the debt holders to list at any cost,Р В Р вЂ Р В РІР‚С™Р РЋРЎС™ said one industry insider.Р В РІР‚СњР В РІР‚РЋriendFinder CEO Marc Bell - the nerdy tech genius who tried and failed last year to acquire Playboy from octogenarian porn pioneer Hugh Hefner - couldnР В Р вЂ Р В РІР‚С™Р Р†РІР‚С›РЎС›t be reached for comment yesterday.Р В РІР‚СњР вЂ™Р’В®arly last year, FriendFinder shelved an IPO plan to raise as much as $220 million, with sources citing lukewarm interest.Р В РІР‚СњР В РІР‚С›fter losing out on his Playboy bid last fall, Bell said he would focus on Р В Р вЂ Р В РІР‚С™Р РЋРЎв„ўthree big initiativesР В Р вЂ Р В РІР‚С™Р РЋРЎС™ but didnР В Р вЂ Р В РІР‚С™Р Р†РІР‚С›РЎС›t give details.Р В РІР‚СњР В РІР‚С› persistent problem for the deal is that it Р В Р вЂ Р В РІР‚С™Р РЋРЎв„ўcombines niche social networking with branded erotic entertainment,Р В Р вЂ Р В РІР‚С™Р РЋРЎС™ said one industry insider, who pointed out the awkward fact that FriendFinder operates the Christian-focused site. The company, which announced last month it had hired Imperial Capital and Ladenburg Thalmann to underwrite the IPO, appears to be caught in a squeeze as it readies a sale of 5 million shares on May 7 priced at $10 to $12 each, sources said. The cyber-smut peddler, which also operates a stable of social-networking properties, including the X-rated Adult FriendFinder site, is scrambling to raise cash to pay down its $510 million debt load, according to sources. The cash-strapped owner of Penthouse magazine said yesterday itР В Р вЂ Р В РІР‚С™Р Р†РІР‚С›РЎС›s looking to launch an initial public offering next month to raise between $50 million and $60 million - a far smaller figure than the original $460 million it hoped to raise in 2008 before the financial crisis. The penthouse offers exceptional finishes to the highest standard and is available to the new owner immediately.

FriendFinder Networks is looking desperate. A stunning penthouse for sale located in a small building with only 4 flats on Strovolos.

Penthouse magazine owner