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July 11, 2012 09:55 pm GMT
There's a clear modus operandi to the Samwer Brothers, the (in)famous but highly effective cloners out of Germany. Create a company similar to a large one outside the large 90-million-strong, wealthy German speaking market, scale up and then sell out for shares in the larger acquirer, usually a US company trying to get into Germany. They've done it time and again, notably with Alando to eBay and CityDeals to Groupon. The latest is selling Betreut to U.S. carer-finding site Care.com and thus gaining shares in it. Terms were undisclosed, but to state the obvious: When will you guys learn?
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/T_JCRfBfQMA/
Care-Sourcing Site Care.com Picks Up Its German Equivalent, Betreut (Another Samwer Bros Special)
There's a clear modus operandi to the Samwer Brothers, the (in)famous but highly effective cloners out of Germany. Create a company similar to a large one outside the large 90-million-strong, wealthy German speaking market, scale up and then sell out for shares in the larger acquirer, usually a US company trying to get into Germany. They've done it time and again, notably with Alando to eBay and CityDeals to Groupon. The latest is selling Betreut to U.S. carer-finding site Care.com and thus gaining shares in it. Terms were undisclosed, but to state the obvious: When will you guys learn?Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/T_JCRfBfQMA/
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