Saturday, July 30, 2005
News Corp & MySpace.com
Rupert Murdoch buys internet firm Intermix which owns social network MySpace.com for $580m. Few months earlier Rupert Murdoch has said that if you can’t beat ‘em, then you will need to join them. News Corp online division will be busy to integrate the new company within its own structure.
Thursday, July 14, 2005
Fairfax purchase RSVP
Fairfax (FXJ) has taken over popular online dating agency RSVP for $38.92 million.
John Fairfax bought RSVP at rather low multiple of 9.7 times earnings. RSVP was conservatively estimated to generate at least $4 million in revenue this year.
Seek, based on 2006 forecasts, was trading on a multiple of about 15 while Realestate.com.au traded on a 16 multiple.
John Fairfax bought RSVP at rather low multiple of 9.7 times earnings. RSVP was conservatively estimated to generate at least $4 million in revenue this year.
Seek, based on 2006 forecasts, was trading on a multiple of about 15 while Realestate.com.au traded on a 16 multiple.
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