|
Files under: News
Posted by: Quintura @ 15:34 [5. 10. 08]
 The Hungarian online auction site has been acquired by a principal shareholder of the leading Russian web portal Mail.ru in one of the biggest financial deals in Hungarian Internet history, the financial news site Portfolio.hu . Mail.ru recently postponed its London-based IPO until 2009 after Digital Sky Technologies obtained a majority stake in the company in a deal that valued Mail.ru at $2 billion.
MIH Group, the online arm of the South African media and Internet group Naspers, which owns 32.6% of Mail.ru, acquired Vatera.hu for HUF 1.5 billion ($9 million). The online auction site Vatera.hu, which has over 0.6 million registered users, reported turnover of over $40 million in 2007.
Update: As a result of the acquisition, private equity firm exited Vatera.hu. The firm that the transaction generated a gross IRR of 59% and a gross cash-on-cash return of 13.5 times for iEurope Fund.
Naspers that it paid $23 million for 100% of Vatera.hu.
In 2007, Naspers acquired the pan-European online auction business Tradus (the QXL Ricardo brand in the UK and Germany and the Allegro brand in Poland and Eastern Europe) for some $2 billion. The company also bough out the leading Polish instant messaging service Gadu Gadu for $155 million. Being one of the most active investors in emerging Internet economies, Naspers owns 35.5% in the leading Chinese instant messaging business Tencent (QQ) and 30% in Brazilian magazine and web publisher Abril.
Tags: Digital Sky Technologies, East Europe internet acquisition, East Europe online auction, Eastern Europe internet, MIH Group, Naspers, Naspers acqusition, Naspers Vatera, Portfolio.hu, South African internet, Tradus Naspers, Vatera, Vatera.hu
|
1 sud-africanii, buni si la internet nu doar la bere « [media_details] Quintura @ 15:34 [5. 10. 08]
[...] Mail.ru Co-Owner Acquires Hungarian Online Auction Site [>>] Leading online auction site Vatera.hu sold to South African media firm [...]