Feeds

Bob Geldof sells Deckchair.com

He don't like Mondays

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Sir Bob Geldof's travel Web site Deckchair.com has been sold to rival World Travel Holdings for £3.2 million, with a possible £6 million over the next three years depending how well it performs.

The online booking service was valued at £20 million during the dotcom boom, but since then has had trouble, making a quarter of its staff redundant last month. It has a quarter of a million customers but losses have been building up.

In 1999, it lost just under £2 million but last year that increased just under £7 million. That said, takings increased in the same ratio, with £452,000 being made in 2000, compared to £110,000 in 1999.

The company was started in April 1999 by Sir Bob and James Page, a former exec at games company Eidos.

Sir Bob is famous for being lead singer in the Boomtown Rats, being Paula Yates' first husband and organising Live Aid - who invested some of the money he made form selling his TV production company Planet 24.

At the launch of the site, Bob was in typical form: "It shows how sad you all are, coming to the launch of something as boring as an Internet site," he told the assembled. Good lad. ®

Related Stories

Deckchair sheds 13 jobs

Secure remote control for conventional and virtual desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Reducing the cost and complexity of web vulnerability management
How using vulnerability assessments to identify exploitable weaknesses and take corrective action can reduce the risk of hackers finding your site and attacking it.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.