Manwin Makes Bid for New Frontier Media

LUXEMBOURG — Manwin said today that it has made a proposal to New Frontier Media's board to acquire the adult transactional TV company for $1.50 per share of outstanding common stock. 

The offer represents a 32 percent premium over New Frontier’s closing stock price on March 8 and a 35 percent premium over the six-month historical average of New Frontier Media's share  price prior to that date.

In its proposal, Manwin said that it is "highly impressed with New Frontier Media, its board of directors, management team and operations but believes it has been undervalued in the  public markets because of its size and market capitalization." 

Manwin said that by combining New Frontier Media’s transactional TV business with its own and by leveraging Manwin’s online assets, including both content and traffic, "it will be able to offer even more compelling programming to pay TV distributors and drive additional customers to the pay TV experience."

Manwin already operates Playboy TV through its Playboy Plus Entertainment division in a licensing deal with Beverly Hills, Calif.-based Playboy Enterprises.

The company also owns a number of blue-chip brands, including Brazzers and recently purchased Digital Playground. It also owns YouPorn and Twistys, as well as Spankwire, Webcams Tube8, ExtremeTube, KeezMovies, Mofos, ExtremeTube, JuicyBoys and PornHub.

The Luxembourg-based company, with offices in Montreal and Los Angeles, claims to be the owner of the largest network of adult websites in the world, with more than 60 million daily visitors.

Earlier this month, the largest shareholder of New Frontier Media offered to acquire the remaining shares it doesn’t already own in the company.

The unsolicited offer by investment company Longkloof Ltd. represents a slight premium over the stock’s closing price. Longkloof, which owns 15 percent of New Frontier Media, is offering $1.35 a share for each outstanding share of the Boulder-based company.

Longkloof, a fund based in the Channel Islands in the English Channel, said in a letter to New Frontier Media that it has attempted several times to engage in discussions about acquiring the company and that “expeditious action is necessary” to protect shareholders’ interest.

Longkloof also criticized New Frontier Media’s board, calling the company’s performance under its leadership over the past several years “dismal.”

Sales at New Frontier Media, which makes most of its revenue distributing adult entertainment movies to cable and satellite TV pay-per-view services, has declined steady since 2007 — from $63.2 million to $48.7 million in 2011. It has faced losses in its past two fiscal years.

New Frontier Media offers the Penthouse TV premium channel and pay-per-view services packaged as The Erotic Networks, or TEN, that include Xtsy, Juicy, and VaVoom.

Manwin said its proposal is subject to a due diligence review of the operations and books and records of New Frontier Media.

 “Our recent experience with Playboy TV proves to us the value of TV as a distribution platform, and we have been seeking ways to foster additional business in that segment of the industry," Manwin Managing Partner Fabian Thylmann said. " New Frontier Media’s business is a natural fit which should create synergies immediately benefiting both Manwin’s pay TV providers and their customers.”

New Frontier Media CFO Grant Williams did not immediately respond for XBIZ comment on the possible acquisition.

Shares of New Frontier Media traded at $1.23 on the Nasdaq today, down seven cents.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

FSC Unpacks SCOTUS Age Verification Ruling in Webinar

The Free Speech Coalition conducted a public webinar Tuesday to help adult industry stakeholders understand the Supreme Court’s recent decision in FSC v. Paxton, and its potential implications.

Bad Bella Fronts Latest From MYLF

Bad Bella stars with Hayden Wild in the latest release from MYLF.

Abella Danger Opens Up Like Never Before in X3 Magazine

Powerhouse star Abella Danger lights up the latest issue of X3 magazine, the industry’s premier “authenticity first” publication spotlighting the real personalities, passions, and stories behind today’s top creators.

Pure Taboo Debuts Bree Mills Thriller 'Let Me In Too'

Reagan Foxx stars with Shay Sights in the latest thriller from Pure Taboo, titled “Let Me In Too.”

UK Lawmaker Calls for Appointment of 'Porn Minister'

Baroness Gabrielle Bertin, the Conservative member of Parliament who recently convened a new anti-pornography task force, is calling for the appointment of a “minister for porn,” according to British news outlet The Guardian.

FSC Toasts Jeffrey Douglas for 30 Years of Service

n the very same evening when the adult industry was hit hard by the Supreme Court ruling supporting Texas’ controversial age verification law, HB 1181, members of the Free Speech Coalition board, staff and supporters gathered to celebrate Jeffrey Douglas’ 30 years as board chair — a fitting reflection of his reputation as an eternal optimist.

Hookup Hotshot Adds TobyDick.com

Hookup Hotshot (HUHS) has added U.K. paysite TobyDick.com to its network.

TTS Opens UK Testing Location

Talent Testing Service (TTS) has opened a new U.K. location in Ware, Hertfordshire.

FSC: Age-Verification Laws Go Into Effect South Dakota, Georgia, Wyoming on July 1

The Free Speech Coalition (FSC) has published a statement regarding new age verification laws set to go into effect tomorrow in South Dakota, Georgia, and Wyoming.

Leana Lovings, Shay Sights Front 'Substance' Parody From Brazzers

Leana Lovings stars with Shay Sights in the latest release from Brazzers, a parody of "The Substance.”

Show More