Bidders are circling round WAYN's world
Social travel site Where Are You Know (WAYN) has revealed it has had several offers this year, thought to value it at about £100m.
"We have indeed had several approaches," said Annika Erskine, marketing manager.
Several bidders are thought to be circling but Ms Erskine declined to identify them. It is thought American internet giant AOL is one interested party.
The approaches are believed to have been made since the start of the year, but an insider suggested an official announcement of a deal had been delayed because talks have stalled over a proposed payout clause.
If a deal is struck, WAYN would notch up one of the biggest price tags yet for a British-based social network start-up, following in the footsteps of social music site Last.fm, which was sold to CBS for £140m in May 2007.
Launched in 2002, WAYN boasts a membership of more than 10 million people.
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
World news in pictures
British man confesses to slitting his two children's throats in Lyon flat
'Swivel-gate': David Cameron goes to war with the press over 'swivel-eyed loons' slur
Revealed: Eerie new images show forgotten French apartment that was abandoned at the outbreak of World War II and left untouched for 70 years
- 1 Heading for America? Prepare for the longest US immigration queues ever
- 2 Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
- 3 You thought Ryanair's attendants had it bad? Wait 'til you hear about their pilots
- 4 'Swivel-gate': David Cameron goes to war with the press over 'swivel-eyed loons' slur
- 5 It’s official: thanks to Stephen Hawking's Israel boycott, anti-Semitism is no more
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
£450 - £500 per day: Orgtel: Sourcing Manager - Banking - London - Up to £500p...
To be discussed at interview.: Queen Elizabeth's School: An experienced and ef...
£294.05 - £330.92 per day + 150 per day travel and accommodation: Orgtel: A le...