SeLoger; Groupe Arnault turns down Axel Springer… again.

30 Sep 2010
Yesterday (Sept 29th) Axel Springer made its formal offer for the 87.6 percent of SeLoger that it doesn't own, pricing the shares at €34 - a price already deemed insufficient by Bernard Arnault, owner of 9 percent of the portal's shares and head of luxury goods group LVMH.Unsurprisingly, given the unchanged nature of the bid, the reply was swift and categorical; "We confirm that we will reject t

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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.