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December 17, 2007
QXL To Be Bought For £750M and Other Fresh Euro Deals
Tradus (formerly QXL) to go to Naspers for £750M. Rumors about an acquisition of QXL have been circulating, with eBay named as a potential acquirer. But The Times is reporting that the online auction operator, which is big in Poland under the name Allegro, is being acquired for £750M by South Africa's Naspers. The report in the Times acknowledges that QXL had declined to comment for the article. (If you want to do the math on the multiple, see annual report published in March 2007 pdf)
The South African company has been buying up Internet properties in E.Europe and Russia. In October Naspers acquired Gadu Gadu, the leading Polish instant messaging provider. Earlier in the year we marvelled at the QXL share price, which was close to £500M then, and wrote about Gadu Gadu's intended IPO .
Atheros Acquire Finnish/US GPS Chipmaker for $56M. u-Nav Microelectronics announced that Atheros Communications, a publicly-traded wireless solutions provider is to pay $56M in cash and stocks for "the assets and certain liabilities" of the 6 year old company. u-Nav Microelectronics, a venture-backed fabless semiconductor company, develops GPS chip and some mobile location-based software and services to go with them.
Telcos Big on Video Blogging. We are a bit late with this one. NewTeeVee reported on Wednesday that the company behind Kyte.tv, whose video blogging platform supports mobilephone (java enabled phones) capture and playback, as well as the web support, has raised $5.6M from Spain's Telefonica. The report cites sources "close to the company". Another telco investor is Swisscom. Early investor was Atomico.
Read - Another $5.6 Million for Kyte.tv « NewTeeVee and Nokia Growth Partners.
Where all the foreign exchange students hang out. German startup Campux.com has raised an undisclosed amount of early financing, according to a PR it put out this week, for its university guides and local campus information platform, which includes social networking features for students. It came out the gates in several languages and says it aims to catalogue the world's unis.
Read - TechCrunch France review of Campux (in the comments you will find other similar ventures in Europe)
Read - Deutsche Startups' review
Review in English on Killer Startups
Posted on December 17, 2007 01:55 PM | Posted to News And Updates | Permalink
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