Press release: Schibsted acquires majority in leading Irish online classifieds site
(Thomson Reuters ONE) -
Schibsted Media Group has agreed to acquire 50.09 per cent of DoneDeal.ie, the
leading online classifieds site for cars and generalist in the private market in
Ireland.
DoneDeal.ie had revenues of around EUR 2 million in the first half of 2011. This
was a growth of approx 70 per cent year over year. The company has positive
EBITDA.
Schibsted has a right to increase the ownership up to 90.1 per cent in two years
and up to 100 per cent in five years. This will be done at market valuation.
DoneDeal.ie fits well in among Schibsted Classified Media's operations in
established phase. The site has many similarities with the Blocket concept, and
is a clear market leader within generalist and cars for privates. DoneDeal.ie is
the third most visited online site in Ireland (source: DoubleClick AdPlanner),
and has a strong brand in the country. DoneDeal.it has a listing fee of EUR 3
per advertisement.
DoneDeal.ie was established in June 2005. The founders are Fred and Geraldine
Karlsson. Fred Karlsson will continue in the management of the company and as a
shareholder.
- We are very happy to include DoneDeal.ie into the family of online classifieds
sited in Schibsted. A strong number one position and good profitability means
that Ireland will be our fifth country with online classifieds sites in
established phase. The acquisition will be another contributor to continued good
profitable growth for online classifieds in Schibsted, Terje Seljeseth CEO of
Schibsted Classified Media says.
Contact person:
Stein Yndestad, CFO Schibsted Classified Media. Mobile: +47 916 86 696
Oslo, 30 September 2011
SCHIBSTED ASA
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Schibsted via Thomson Reuters ONE
[HUG#1551196]
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2011 - 12:49 Uhr
Sprache: Deutsch
News-ID 71344
Anzahl Zeichen: 2391
contact information:
Town:
Oslo
Kategorie:
Business News
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