Schibsted folds Sesam into

03 Apr 2009

Schibsted’s Scandanavian Google-like search engines and are being folded into the company’s main Craigslist-style classifieds site. Schibsetd lost up to $300,000 U.S. on the sites. The merger will put 100 employees out of a total of 110 out of work.

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.