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Google,Yahoo flirting with Trader Classified Media

TCM owns 400 publications & 56 websites serving 22 countries

2:47 pm on Aug 21, 2005 (gmt 0)

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LONDON, Aug 21 (Reuters) - U.S. Internet giants Google Inc. and Yahoo Inc have approached Amsterdam-based Trader Classified Media over a possible takeover or tie-up, the Sunday Times reported....

...Earlier this month its chief executive, John McCall MacBain, said the company was considering taking its Russian or Chinese units public, bringing on a partner or possibly selling the whole company after receiving approaches from several Internet firms.

Article [today.reuters.com]

BRIEF: For the six months ended 30 June 2005, Trader Classified Media's total revenues increased 18% to EUR233.2M. Total revenue reflects increases in print revenues and a significant increase in online revenues.

TCM Profile [today.reuters.com]


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