I received the following email today from the Blue Board...
The Canadian adult industry was grief stricken when CEO fred Zed died suddenly January 10 2017, while exercising during a family vacation. His wife, Loto Niagara COO Debbie Mirage, had often cited her husband’s model of partnership in sharing their personal and professional lives as her “rock” and referred to him as “the love of my life.” The ripples of trauma, however, spread widely outside of their family and friends.
Prepping the sale of a company is stressful enough before bringing competitive nuances into the fray. One risky consideration when getting a deal done will always revolve around the idea of sourcing competitors as potential buyers for your business. While a source of some of the best buyers willing to pay a premium, competitors can also increase the risk of long term business sustainability.
The board is being sold to competitor **********, thank you all for your support over the years.