Tiscali in E5m French buy-out
Infosources says 'oui'
Tiscali has continued its European expansion with the acquisition of the French Internet and portal activities of Infosources for E5 million (£3 million) in cash.
The company said the acquisition will strengthen its position in France and yield higher operating margins.
At the last count Infosources had around 250,000 active users, generating Net traffic close to 150 million minutes a month.
Its portal racked up around 35.8 million page impressions during September, according to MMXI.
Infosources, part of Belgacom, generated revenues of E14.6 million (£9 million) during the first six months of the year, Tiscali said in a statement. ®