Feeds

FindWhat.com buys Espotting for $163m

Hands across the water

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

US pay-per-click outfit - FindWhat.com - has coughed up $163m (£97m) to buy UK-based performance-based marketing outfit Espotting Media.

The deal - made of 8.1 million in shares, $27m in cash and some other odds and sods - has been approved by both boards and is expected to be completed by the end of the year.

Both sides claim the deal is good news since it will give the newly merged operation access to both the US and European markets helping to create a "significant international group in the paid listings sector".

Once completed, the combined group will provide services to around 40,000 advertisers and is expected to generate combined revenues of more than $140 million in 2003.

Looking ahead, the number crunchers reckon the merged business could achieve a growth in revenue of between 30-40 per cent in 2004.

In a statement Craig Pisaris-Henderson, chairman and CEO of FindWhat.com, said: "We believe this announcement changes the landscape of the paid listings industry, creating a new international leader.

"The proposed merger intends to capitalise on both companies' experience in serving advertisers and distribution partners of all sizes, across the widest geographic footprint in our sector," he said.

Despite all the big plans, it's not known what the new name of the company might be.

Espotting was formed in February 2000 and has operations in a number of European countries including the UK, France, Germany, Spain and Italy. FindWhat.com was created in March 1998 and became a publicly-traded company in June 1999. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.