Today, OnVista has sold our former project Ligatus which we started in 2003 for 18.75 Mio. EUR to Gruner & Jahr. Hope everyone is happy with this deal and our former colleagues might stay longer than the next 6 months in Cologne.
Here you find more details on this transaction.
There have been lot’s of rumor, now their is certainty. Google once more gains the bidding battle against AOL, Microsoft and Yahoo and buys Doubleclick for $US 3.1 billion in cash. This is another big step for Google to become the ultimate advertising operating system of the universe or as Google states: “The next step in Google advertising.”
There is a good post by Morrision on the meaning of this aquisition. One thing is clear: The air for all middlemen in the advertising industry is getting thinner.
For the third time Loic Le Meur invites bloggers, web entrepreneurs, investors and everyone who is interested in the internet space to Paris to talk about the media revolution. While the first two conferences were focused more on the blogosphare LE WEB 3 program is even more promising. I’m looking forward on talks about Web and Enterprise 2.0, the death of TV through content and distribution as well as Old Europe vs. Silicon Valley.
For the first time their will be a start-up area, where web entrepreneurs meet-up with investors. Sorry, that we aren’t presenting Ormigo this time. If you are interested in our disruptive approach for the local advertising market, please, feel free to contact me or Oliver.
Now it’s official. Last Friday, 24th of November openBC which just relaunched it’s social networking business under the new brand Xing.com declared it’s IPO for 7th of Dezember 2006. The signing period is from 4th-6th of Dezember. As a premium-member they offer you a preferred assignment of their new stocks.
I have been a premium-member for over 2 years now. As an entrepreneur I see several values Xing provides as helping you to find new employees or freelancers, to identify the right contact persons at potential customers or partners, to keep your addressbook state of the art, share contacts and information. But I’m not sure if EUR 10 Mio. in sales justifies a valuation of EUR 250+ Mio. as their are rumors that openBC wants to offer 40% for at least EUR 100 Mio. in cash. This puts the value of it’s 150.000 premium members at EUR 1.667 each, or above 20 years of their annual fee. So, what do you think? Is it worth to sign on?