Yahoo Sells Kelkoo, Terms Undisclosed

[engine]

Yahoo Sells Kelkoo, [money.cnn.com]Terms Undisclosed

Yahoo Inc. completed the sale of Kelkoo to a UK- based private-equity firm, ending more than a year of speculation about the future of the European comparison-shopping service.

Yahoo spokesperson Kim Rubey confirmed the sale of Kelkoo to Jamplant Ltd., but declined to disclose terms of the deal.

Yahoo originally acquired Kelkoo for $576 million in 2004 as the deal was expected to beef up the Internet portal's focus abroad. But Yahoo said in October 2007 that it was considering strategic options for Kelkoo, including a possible sale.

[nealrodriguez]

i'd buy that for a dollar

[carguy84]

you'd be overpaying

[walkman]

It was less than 100 million euros IIRC, the founder was truly upset

Update:

"Pierre Chappaz, founder of Kelkoo and chief executive at the time of the takeover, said in a blog note yesterday that the company had been sold to the UK investment fund Jamplant for less than €100m ($126m)."
[ft.com...]

[davidof]

Interesting. Kelkoo do their development in Grenoble. They had been recruiting like mad in the late spring but had frozen all recruitment in July.

Yahoo!s move to Switzerland doesn't look certain either. The offices are being built close to me but rumour is they may never be occupied.

[davec]

In response to davidof at least some of the Yahoo divisions are definitely going I think. We've just had notice that invoices etc will be transferred from Ireland to the new Swiss offices.

[JS_Harris]

It takes HTML/PHP/JAVA/SQL/etc.. knowledge to rule the internet today, not an MBA. Code is code is code and as soon as you get the idea working someone else is building better code.

A website is hardly solid footing for a company these days.