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July 12, 2006
My-Hammer Nails Holtzbrinck Networxs
In May Holtzbrinck NetworXs AG, the new media arm of German newspaper and magazine publisher George von Holzbrinck, took an undisclosed equity stake in My-Hammer AG, an auction platform for home hardware and tools. We just learned of the deal today.
The size of the investment was not disclosed but the German press says that publicly traded Internet holding company, Abacho AG, maintains a majority interest. My-Hammer hosts about 6,000 auctions daily in Germany with a volume of €10M. The new capital is to enable expansion of the platform into Switzerland and Austria.
Read -
holtzbrinck networXs AG erwirbt Beteiligung an der Auktionsplattform My-Hammer.de
Posted on July 12, 2006 06:14 PM | Posted to News And Updates | Venture Capital | eCommerce | Permalink
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