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.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.
Rental parking app Akippa has tied up with short-term rental property startup Address to increase parking space listings on its platform.
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.
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.
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.
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.
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
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...
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.
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...