Financials / Deals


Alexander Hannerland, co-owner of Swedish search engine Hitta.se (photo from his LinkedIn page with thanks)

Classified experts buy Hitta.se from Schibsted

No big deals were announced in the classifieds division at Schibsted's Q2 results presentation today, but Schibsted Growth presented a deal that has a few classified connections, making it worthwhile to report. Schibsted will sell its search engine business in Sweden to a group with well-known “classifieds personalities".



After solid Q2, Schibsted says it may sue Google

Today, Schibsted reported a record-high gross operating profit for Q2 of FY2017, as part of a sunny report from Oslo, where most people are already on holiday. EBITDA was higher than expected and at NOK 4.3 billion ($533 million U.S.), Q2 revenue was slightly higher than analysts had expected.


BCCL invests in start-up Timesaverz.com

BCCL invests in start-up Timesaverz.com

Mumbai-based Timesaverz Dotcom, owners of an online marketplace for home services, raised $1 million (Rs 6.5 crore) from Bennett, Coleman and Co. Ltd (BCCL), publisher of the Times of India Group of newspapers. The move would have been noted at the HQ of Quikr, which runs its own fast-growing, home-services vertical.


Xing acquires global expat network InterNations

Xing acquires global expat network InterNations

Hamburg-based Xing AG, operator of the leading business network in German-speaking countries, hit the acquisition trail for the second time this month, when it acquired Munich-based, global expat network InterNations.org for around €10 million ($11.4 million U.S.).



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