Feeds

eBay fingered for QXL bid

Bid received for online auctioneer

Build a business case: developing custom apps

Online auctioneer QXL confirmed yesterday that it has received an offer for its business, but refused to name the suitor.

The statement said: "The company notes the recent movement in the company's share price and confirms that it has received a preliminary approach which may or may not lead to an offer being made for the company."

Several analysts named eBay as the obvious choice. QXL's best performing markets - like Poland and eastern Europe - are areas where eBay is not strongest. The two businesses are broadly similar and would make an obvious match.

QXL was launched by ex-journalist Tim Jackson in 1997 but struggled in the aftermath of the dot-com crash in 2001. It subsequently refocused its business on eastern Europe, Russia, Denmark, and Norway, and has seen its share price recover. Since November 2006 shares have more than tripled, although today they have fallen back slightly on yesterday's gains.

Yesterday also saw eBay post its results for the third quarter ended 30 September 2007. Revenues were $1.89bn, year-on-year growth of 30 per cent. eBay made a loss for the three months of $935.6m - mostly blamed on writing off $1.39bn in costs relating to Skype.

More on results here (pdf). ®

5 things you didn’t know about cloud backup

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.