UPDATED, January 26, 2017, 2:10 p.m.: Jeffrey Tinsley, founder of social networking site Reunion.com, is searching for someone to buy his home tucked in the hills of Bel Air.
He listed the seven-bedroom, seven-bathroom home on Ashdale Place for $7.5 million.
Tinsley, who merged Reunion.com and Wink.com, rebranding them as MyLife.com in 2009, purchased the 6,545-square-foot property in 2000 for $2.7 million, according to property records.
He spent more than $1 million on the home’s outdoor four-level entertainment area with a custom fireplace and TV. The estate also features a large children’s play yard, pool, spa and movie theater.
The home has been on the market since February 2016, when it was listed for $9 million. In September, it was re-listed by agent Jason Oppenheim of Oppenheim Group with a 16 percent price cut, for its current ask of $7.5 million.
The home has received several strong offers, and a deal is expected to close soon, Oppenheim said.
Other homes in the area have seen price chops. A neighboring 7,000-square-foot home, which includes unpermitted additions of 4,727-square feet, has a listing price of $5.5 million and is currently pending a sale, Zillow shows. That Ashdale Place home hit the market in September, originally listing for $6.6 million.
Tinsley’s company was recently involved in a legal skirmish. A complaint was filed against MyLife.com in U.S District Court in 2015 alleging the company’s violation of California’s anti-spam law. Users alleged they had received emails informing them that someone was looking for them, i.e. “a 26 year old Female viewed your public info; a matter and death.” Once they opened the email, they allegedly found that no one was waiting for them, except for advertisements. The case was dismissed after the plaintiff withdrew her claim.
A class action suit in 2011 alleged that MyLife was the latest incarnation of Classmates.com, which was accused of using deceptive emails and fraudulent billing practices. The lawsuit was dismissed later that year, on the heels of Classmates.com agreeing to pay out more than $9.5 million in a class action settlement for false advertising, according to court documents. In an email, Tinsley said he had no involvement with Classmates.com and was not involved in the settlement.
Tinsley, a serial entrepreneur, also founded GreatDomains.com, a website allowing visitors to register domain names for resale, which was acquired by Virginia-based internet company VeriSign for $100 million in 2000.
Correction: An earlier version of this story said that Jeffrey Tinsley is the founder of Classmates.com. He is the founder of Reunion.com, which rebranded as MyLife.com. This article has also been updated to include a statement from Jeffrey Tinsley and details of the 2015 lawsuit against MyLife.