POF On Verge Of Acquiring TRUE

COURTHOUSE NEWS – Oct 22 – True Beginnings filed for Chapter 11 protection in Texas last year, and POF.com agreed to a $700K asset-purchase agreement. Texas Attorney General Greg Abbott has objected to the asset sale due to privacy concerns. "True does not sell members' information to third parties without your permission," the website claims. But True.com's policy goes on to say that member personal information would be considered a transferable asset in the event the website was acquired or its assets sold.