Financial results

Hourly-wage startup WorkPop gets $7 mil

Los Angeles-based WorkPop, a recent launch to advertise hourly-wage job openings, has just raised $7 million dollars, bringing its funding total to $7.9 million.  TechCrunch has more. Here’s the announcement: Workpop inks $7 mln Series A LOS ANGELES, CA (September 16, 2014) –Workpop, the free marketplace and community that provides employers and job seekers with quality feedback, tools...

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Rocket Internet sets $970M stock IPO

Berlin-based e-commerce and classified startup incubator Rocket Internet hopes to raise €750 million ($970 million U.S.) in an initial public offering by the year’s end, the company said today. The company plans to list in Germany, which has more lenient reporting requirements for financial results than many other countries. Rocket is targeting developing nations around the world with...

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Gannett gets ok to buy all of CV, Cars.com

The A.H. Belo Corp., McClatchy Co., Tribune and Graham Holdings will all have good financial results during Q4 of this year, if all goes according to plan with Gannett’s acquisition of the shares of Classified Ventures that it does not own. Gannett announced Wednesday that federal regulators had approved the acquisition, and that it has been scheduled to close on Oct. 1. Of course, that’s the...

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Zillow, Trulia get second FTC info request

zv7qrnb Zillow and Trulia have each separately received a standard “second request” from the Federal Trade Commission (FTC), with regard to the proposed Zillow acquisition of Trulia. Both have 30 days to comply, though either can request an extension.  (See CIR 15.15, Aug 14 for acquisition details and industry reaction.) Here’s the announcement:  Zillow, Trulia Receive...

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Greenlight for Swisscom´s takeover of Publigroupe

The takeover of Publigroupe by Swiss national telecom operator Swisscom is cut and dried: Swisscom announced that its public takeover bid to acquire digital marketing and media group Publigroupe has been successful and is approved by the Swiss Competition Commission. At the end of the extended period for acceptance of the takeover, the 25th of August, Swisscom has increased its stake in...

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OAM financials bring Africa back to earth

The financial performance of One Africa Media (OAM), laid open by Australian classifieds company SEEK last week, brought the story of classifieds in Africa back to earth (for now). It is a story which loses touch with reality from time to time. For instance, when new classified businesses are launched as if it’s easier than grabbing candy from a kid. SEEK holds a 24.4-percent stake in OAM...

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