Los Angeles Business Journal

United Online Plans Split

Thursday, August 2, 2012

Shares of United Online Inc. jumped more than 27 percent this morning after the Woodland Hills company said that its board approved a preliminary plan to spin off its FTD floral delivery service into a separate public company. The Business Journal reports that the new FTD would include the operations of the FTD and Interflora brands, with United Online retaining its social networking and legacy Internet access services.