Strategy

Schibsted managers cash in on share price rise

In the wake of the Naspers/Schibsted deal, the Schibsted share price climbed 33 percent to NOK 487 ($70.36 U.S.), the highest intra-day rise ever for the Norwegian media giant. Some analysts believe the share can climb even higher and break through the NOK 500-mark. Schibsted’s management team might be thinking the share has peaked, judged by the number of them who sold parts of their...

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Naspers-backed Dubizzle enters Saudi Arabia

Naspers-owned Dubizzle.com officially launched in the Kingdom of Saudi Arabia this week, where it hopes to become the No. 1 site for trading stuff in the Kingdom, with its easy-to-use platform. In a statement Abdullah Al Ghadouni (photo), general manager of Dubizzle in Saudi Arabia, said: “At Dubizzle we believe every unwanted item has someone looking for it, and we bring buyers and sellers...

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Merger of Local.ch and Search.ch not yet cut and dry

What was intended to be a marriage in heaven, and a stand against Google’s dominance in web search in Switzerland – the planned merger between Swisscom’s web directory Local.ch and Tamedia’s subsidiary Search.ch AG – is now the object of a detailed examination by the Swiss Competition Commission (WEKO). As we reported in August WEKO gave greenlight to...

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Naspers withdraws from Baltic countries

Buried deep in the financial report for H1 of FY2015, released by Naspers today, was the news that the company had sold the portfolio of classifieds held by Diginet in the Baltic countries to Eesti Meedia for an undisclosed amount. To date neither the seller, nor the buyer has released a statement on the deal. Lithuania-based Diginet is an Allegro Group subsidiary and Allegro Group, in turn, a...

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Amazon, EBay vie with service marketplaces?

The rumor we first reported back in June has come to fruition – Amazon has launched a service marketplace. This content is available to Classified Intelligence Report clients. Want to know more about becoming a client? Click...

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EBay contest tries boosting seller effort

While not all sellers got the email, select EBay sellers have been prompted to grow their marketplace sales by EBay-determined sales goals, and a reward. “Because your past sales indicate that you can sell even more, we’d like to give you a personalized sales goal of $(redacted) – and help you meet it,” is the message they received, and ECommerce Bytes shared. ” To...

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