Financials / Deals


Real estate site 99.co gets capital injection

Real estate site 99.co gets capital injection

Real estate site 99.co (note: this is not a dot com) recently secured $7.9 million U.S. in fresh funding, in a round co-led by Sequoia India and Facebook co-founder Eduardo Saverin. Both are existing investors and members of the 99.co board. Existing investors East Ventures and 500 Startups also joined in.



TMG conditionally sold to Mediahuis for $295 million

The board of Telegraaf Media Group (TMG) unexpectedly fired the CEO and CFO (Geert-Jan van der Snoek and Leo Epskamp respectively), for allegedly endangering the take-over by a consortium consisting of Het Mediahuis and VP Exploitatie, took control of the communication lines with the consortium, and issued a joint statement with the consortium provisionally accepting an offer valuing TMG at $295 million U.S..


Australia’s Digital Classifieds Group buys Yula.la

Australia’s Digital Classifieds Group buys Yula.la

Digital Classifieds Group (DCG), a private-held, Australian company operating online classified sites throughout Southeast Asia and the Pacific, acquired a majority stake in the Laos-based free classifieds horizontal Yula.la for an undisclosed amount.


Kunming Sinobright buys Aiwu Jiwu for $900 million US

Kunming Sinobright buys Aiwu Jiwu for $900 million US

Kunming Sinobright Group*, a nationwide department store operator in China, announced the acquisition of 94 percent of the real estate site Aiwu Jiwu (registered as Beijing 5i5j Real Estate Brokerage), for about 6.18 billion RMB ($899 million U.S.), partly paid for in cash (1.8 billion RMB), and partly with the issuance of shares (4.3 billion RMB).



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