NEWS FROM THE STANDARD |
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EBay Reportedly in Talks to Buy Ibazar
Feb 12 2001 06:51 AM PST
PROFILE |
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Internet gavel pounder iBazar has won its bid to become one of Europe's largest online auctioneers. A subsidiary of US auction giant eBay, the company operates in France (its largest market, where it introduced consumer-to-consumer online trading in 1998), as well as in Belgium, Brazil, Italy, the Netherlands, Portugal, Spain, and Sweden. All told, the firm boasts nearly 2.5 million subscribers and more than 3 million item listings. In 2000 iBazar sold numerous Internet properties and services (a search engine, virtual postcards, free e-mail services, Internet communities) to French ISP Liberty Surf so it could focus solely on auctions.
COMPETITION |
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QXL ricardo plc (QXLC)
Terra Lycos, S.A. (TRLY)
Yahoo! Inc. (YHOO)
DEALS |
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Deal: EBay Acquires iBazar
Date Announced: 02.22.01
Value of transaction (US $Mil): 102.8
Description: Online auction giant acquires European auction site for 2.25 million shares of its stock; the deal is subject to a collar placing the value between $66 million and $112 million.
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 3.00
1-Yr. Sales Growth: (50.4)%
Employees: 152
Revenue per employee: $19,736.84
KEY PEOPLE |
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Marc Piquemal
CEO
Andréa Nacmias
CFO
CONTACT INFO |
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1/3 Avenue de Flandre
75019 Paris, France
Phone: 33-1-55-26-58-00
Fax: 33-1-55-26-59-00
Online: Web Site
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