Scout24 accepts new takeover offer of $6.4 billion from two PE firms
Hellman & Friedman, and Blackstone, two private equity companies, have agreed to buy Scout24, the German classified / marketplace company, for $6.4 billion U.S.
Wallyboo continues as free site
Wallyboo.com, a Spain-based niche marketplace for second-hand baby and children's goods, has stopped charging for its services. As of 2019, Wallyboo is operating as a completely free platform for users.
Akippa ties up with Address
Rental parking app Akippa has tied up with short-term rental property startup Address to increase parking space listings on its platform.
Lifull teams up with local news agency
Lifull Co. Ltd. has entered into a business alliance with Chinese-oriented Japan New Xinhua News Agency, to guide and attract real estate investment in Japan from China.
Cox predicts 2M vehicle sales in Q1
Global automotive business Cox Automotive predicts that more than two million used vehicles will be sold in the U.K. in the first quarter of 2019.
CoStar expands data deal with Oxford Economics
International real estate business CoStar has announced an expanded agreement with global advisory firm Oxford Economics. The latter will provide economic data and forecasts that CoStar will use for commercial real estate forecasts in the U.S., Europe, and Canada.
by Alina Zaiets
20 Feb 2019
in Automotive, Financials / Deals, Marketplace, Real Estate, Recruitment
Yandex classifieds with 81% revenue growth in 2018
Russian internet giant Yandex has published its official report with results for Q4 2018. Its classifieds have demonstrated 81% revenue growth to reach RUR3.7 billion in 2018. The revenue of its marketplace Yandex.Market, in its turn, recorded 59% growth during 2018 and counted for RUR7.9 billion.
Otomoto adds car parts
Naspers’ Otomoto.pl, the largest auto site in Poland, has added car parts to its site. The company is currently broadcasting this news via an advertising campaign on major Polish TV stations and online
With investors demanding change, EBay consolidates global management
In a further shakeup following recent shareholders’ complaints about sluggish growth, EBay is parting ways with the head of its operations in the Americas, consolidating management of its global business, and trimming staff. In a press statement last week, EBay said it will unify worldwide operations under a single team led by Jay Lee, Senior Vice President and General Manager of Markets. Lee will also...
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Schibsted Spain CEO talks acquisitions, growth
Gianpaolo Santosola, CEO of Schibsted Spain, said the company is looking to acquire either established businesses or startups that will add value to its brand. Its team will also grow by another 50 employees in 2019, giving it around 1100 staff in Spain.
China slowdown hits JD.com
JD.com will lay off 10 percent of its senior executives this year, according to an announcement made at the company’s annual party last week. According to a report from Reuters, JD.com, which has nearly 100 senior executives, have confirmed the planned layoffs. The layoffs come during a broader slowdown in China’s tech sector, wherein start-ups are vying for shrinking pools of venture capital and established companies...
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