Figaro Group bids for Adenclassifieds

30 Sep 2010
As the temperature rises in the French online classifieds market the Figaro media group has just announced a €20 million bid for sole mastery of its classified subsidiary Adenclassifieds. The group already owns 87.25 percent of the company and its bid values the remaining shares at €27 each.  This seems generous given that the share price was €22 last week and hints at an urgency in the group's p

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Steve Shipside

Steve Shipside has been a technology and business journalist since 1990. He has written for numerous daily newspapers (Guardian, Times, Telegraph etc.), websites (including the BBC), and TV (he was a presenter for the Blue Chip business program on Sky TV). Over the years he has written just about everything from celebrity chef interviews for Healthy Eating magazine to Spice Girls profiles for French fashion magazine Citizen K. His specialty, however, is communications and marketing, which is a subject that he covered extensively for Wired as well as trade titles Campaign, Ads International, and Revolution. He has also published books on e-marketing (Capstone), presentations (Dorling Kindersley), communicating effectively (DK), and CVs (Dummies guides). He is based in Paris and London and writes news, features, and analysis on the U.K. and French markets for the AIM Group, as well as training French newspaper journalists in the dark arts of social media.