Last week financier Mats Qviberg and his company Custos bought Metro Sweden from Kinnevik for a mere SEK 50 million ($5.5 million U.S.). The deal concerns only the Swedish part of Metro. Kinnevik remains owner of the international part - which is still for sale.
The valuation of classifieds is a multimillion-dollar game, which landed in the spotlight in Norway recently, where the media company Polaris Media, publishers of newspapers in northern Norway, is struggling hard to make ends meet - as most newspaper companies do these days.
EBay teamed up with Aeropost.com to provide Latin American shoppers "seamless access to millions of products" on AlaMaula.com in Argentina, and ecommerce sites elsewhere in Latin America, in competition with MercadoLibre, Naspers and Schibsted.
The FY2016 results report of Schibsted Media Group (here) lifted the lid over the performance of the joint ventures (JVs) operated with Naspers for the first time. The report was released yesterday. The numbers confirmed the project (JVs and associates) was moving towards breakeven.
Payments via Facebook Messenger have come to Europe, bringing closer the possibility that online payments will soon become part of Facebook Marketplace. An e-money license in Ireland has now crossed over to Spain via the EU's reciprocal EU agreements.
Schibsted Spain announced this morning it had purchased Habitaclia.com, a real estate site which specializes in (or is focused on) the Mediterranean area. The purchase price was not disclosed.
A start-up called Bynk was a terrific holiday mystery for Schibsted watchers.
Schibsted’s Vibbo.com (formerly Segundamano.es), is on the 2016 blacklist of trademark-neglecting sites compiled annually by the Office of the U.S. Trade Representative (USTR).
Schibsted wants to become a global brand, and recruited a manager for its new unit, called Global Brands, at Schibsted Media Group located in Stockholm. Pär Ekroth (photo), marketing manager at the newspaper Aftonbladet, will move to the new unit to build the Schibsted brand strategy. Schibsted already has a global communications unit in Stockholm, where the media company also has a unit called Dimas,...
ICar Asia’s Mobil123.com deployed chat functionality across its dealer sites and apps in Indonesia, and will be rolling it out in Malaysia and Thailand in the coming months. According to Mobil123, it was the first Southeast Asian auto site to do so.