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July 10, 2007
Holtzbrinck Bids €56M for Abacho
Georg von Holtzbrinck announced its continuing bid to acquire Abacho, a daughter company of Endemann Internet AG. The deal values the company at €56M, reports Die Tagespiegel, which is slightly higher than the stock market is valuing the venture if our source is correct.
Abacho runs Abacho.de and My-Hammer.de, the auction platform for manual labor contracts and services. Abacho owns about 68.75 percent of it, while a Holtzbrinck subsidiary owns the rest. Founder Ingo Endemann owns 29.72 percent of Abacho.
Verlagsgruppe Holtzbrinck bietet für Abacho
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Posted on July 10, 2007 07:40 PM | Posted to News And Updates | Permalink
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