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Yahoo pays US$574.8M for Kelkoo shopping site
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Yahoo pays US$574.8M for Kelkoo shopping site
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Newspaper Article
Yahoo pays US$574.8M for Kelkoo shopping site
2004
Overview
\"I think we will see a number of US$500 million-plus deals, but they will mainly be in the U.S. I'm not sure we are going to see a lot of Kelkoo-sized deals here,\" said Ben Tompkins, managing director of investment bank Broadview International in London. Broadview advised Kelkoo in the deal. Kelkoo, which has been profitable for more than a year, has long been tipped by European bankers as a potential candidate for an initial public offering or a sale to a company such as Yahoo or Google. Yahoo said it did not expect to reduce the 250-strong workforce at Kelkoo, which will become a subsidiary of Yahoo. Kelkoo chief executive and founder Pierre Chappaz will continue to run the company's operations.
Publisher
Postmedia Network Inc
Subject
