Speculation about auction site QXL and a possible eBay takeover have been going round for months now, with little to substantiate them. However, QXL have confirmed today that they have received a takeover approach:
“The company notes the recent movement in the company’s share price and confirms that it has received a preliminary approach which may or may not lead to an offer being made for the company.â€
Though any details have yet to be revealed, as Adrian Kearsey, an analyst at Evolution Securities, put it: “eBay is the obvious choice”. Shares in QXL have risen 10.6% following the news.
