Strategy

Homegate buys Home.ch from Local.ch

The Publigroupe deal concluded by telecom company Swisscom and media group Tamedia has kicked off a new round of consolidation in the Swiss online real estate market. Tamedia’s real estate classifieds subsidiary Homegate AG just announced the acquisition of real estate site Home.ch for an undisclosed sum. Until now Home.ch was operated by LTV Gelbe Seiten AG, owner of online business...

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India’s Quikr lands $60 million U.S. for product development

Clearly, Swedish investment company Kinnevik believes in the Indian general classifieds site Quikr.com: it just injected another $15 million U.S. in the company. In total $60 million U.S. was invested by a group of existing shareholders, including Tiger Global Management and Kinnevik. The fresh capital will be used for product development and to support its fast-growing mobile business. Here is...

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The Internet (and Rocket Internet’s place in it), according to Oli Samwer

For what seems like ages, but is in fact just more than one year, Berlin-based start-up expert Rocket Internet has been competing with the “big classifieds guys” in emerging markets around the world. Today it is active in 100 countries and putting the final touches to an IPO on the Frankfurt Stock Exchange later this year (our report here). No doubt, Rocket Internet is “here to...

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Rumors of Ricardo Switzerland sale linger

For some days now rumors have been doing the rounds in Swiss business media that media company Naspers is considering to sell Switzerland’s leading e-commerce marketplace Ricardo.ch to free capital for further investment in emerging markets in Asia and Africa. Last Friday Bloomberg quoted (here) two inside sources who said Naspers was in “early-stage preparations”, including...

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Why and how Schibsted is “transforming”

At the Media Business Conference held in Oslo recently Frode Eilertsen, executive vice president (EVP) for strategy and digital transformation at Schibsted Media Group, explained what Schibsted means when it says it’s in the midst of a digital transformation. Here is the 25-minute video of his very interesting presentation. For those of you who haven’t got 25 minutes to watch a video,...

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Slando.ua rebranded into OLX while Naspers closes OLX portals elsewhere

Starting from September 15, the traffic to Ukraine’s No. 1 generalist site Slando.ua will be redirected to OLX.ua, and the portal will include a Ukrainian version. At the same time, the updated OLX footprint map just saw a number of locations removed. .. This content is available to Classified Intelligence Report clients. Want to know more about becoming a...

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