QXL bought for £750m – but not by eBay

No primary category set

QXL is being bought by a South African media corporation for more than £750m, reports the Sunday Times. Rumours had been circulating that eBay were to buy the online auction group, which derives most of its revenues from eastern Europe, especially Poland.

The purchasers, Naspers, own pay TV channels and newspapers mainly in South Africa, but seem to be keen to diversify abroad: just last week they bought Polish instant messaging service Gadu Gadu.

QXL was founded in 1997 by Financial Times journalist Tim Jackson. At the height of the dotcom boom, it was – albeit briefly – valued at £2bn.

RELATED POSTS..

News-snippets-could-disappear-from-Google-Australia

News snippets could disappear from Google Australia

Amazon-Fee-Rises-sm

National Press reaction to Amazon fee hikes

Vice President Meg Whitman?

Baby for sale – "It was only a joke"

Graduate to an eBay business

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars