alarm:clock

- Thursday, June 7, 2007

YP Pays $12M For LiveDeal

live deal.png
YP Corp. (OTCBB:YPNT), which operates Internet Yellow Pages sites has bought out online local classifieds site LiveDeal for $12M in an all stock deal. LiveDeal shareholders received 15,968,514 shares of YP common stock.

LiveDeal was founded in 2003 by Rajesh Navar, an early member of eBay’s engineering team. In October 2005, LiveDeal.com raised $4.9M in series B funding so a $12M buyout is non mind blowing but is not too shabby either. Investors were Canadian media company Torstar Corp., Draper Richards, and individual investors.

A challenge for LiveDeal is that there is so much competition in classifieds, as there should be. Classifieds is a $30B sector and is the 3rd largest Internet ad category, with 18% of online ad spending says the IAB. In addition to the stalwarts like eBay and Craigslist, LiveDeal has faced newer innovating startups like Edgeio and Oodle.

View - LiveDeal site

Read - announcement

Post a comment




Remember Me?


More Recent Articles

ThumbShopping Site Gilt Group Raises $40M at $400M Val

Thursday July 2, 2009

NYC's private shopping firm Gilt Groupe has raised $40M from General Atlantic and Matrix Partners at a $400M valuation. Gilt Groupe provides access, by invitation only, to men’s, women’s and children’s fashion and luxury brands at discount pri... Full Story

ThumbAH Belo Joins $2M Investment In Real Estate Search Tool Sawbuck

Thursday July 2, 2009

AH Belo (NYSE: BLC) has led a $2M investment in online real estate brokerage Sawbuck Realty. Sawbuck is an online real estate broker that connects consumers with local real estate agents. Sawbuck takes a cut of any commissions. The company’s servi... Full Story

Listen to alarm:clock

alarm:clock © 2004-2008

Swift Internet