An Interest In:
Web News this Week
- April 26, 2024
- April 25, 2024
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
Some of Our Sources
- Simplebits
- Team Treehouse
- Spoon Graphics
- TutsPlus - Design
- Reencoded
- Stylized Web
- Specky Boy
- Android Dissected
- Willems Lab
- The Verge
Help Webnuz
Referal links:
August 4, 2011 07:51 pm GMT
Multiple sources in the know have informed us that LivingSocial is close to continuing its international expansion with the impending acquisition of Grupfoni, a leading local ecommerce company in Turkey, as first reported by local tech blog Webrazzi. The deal hasn't been closed yet, we hear, but LivingSocial is very close to signing off on the transaction.The deal values Grupfoni at more than $50 million, although we couldn't pin down an exact purchase price at this stage - in between $50 million and $70 million would make sense though, as Grupfoni's annual revenue run rate is estimated at around $25 - $30 million.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ZHUrYpcpmSw/
Sources: LivingSocial Close To Acquiring Turkish Daily Deals Site Grupfoni
Multiple sources in the know have informed us that LivingSocial is close to continuing its international expansion with the impending acquisition of Grupfoni, a leading local ecommerce company in Turkey, as first reported by local tech blog Webrazzi. The deal hasn't been closed yet, we hear, but LivingSocial is very close to signing off on the transaction.The deal values Grupfoni at more than $50 million, although we couldn't pin down an exact purchase price at this stage - in between $50 million and $70 million would make sense though, as Grupfoni's annual revenue run rate is estimated at around $25 - $30 million.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ZHUrYpcpmSw/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch