3i pulls out of Habbo hotel

3i has become the second shareholder to pull its investment in the
parent company of Habbo Hotel over allegations the children’s networking site hosted sexually explicit content. Britain’s oldest private equity company had held a 16 per cent stake in Finnish internet company Sulake. It made the move after Balderton Capital dumped its stake following the allegations by Channel 4 News. Both firms also resigned their seat on the board.