Online auctioneer poised for takeover

A former darling of the dotcom boom was today on the brink of being sold for €17m – four years after being valued at €2.1bn.

Online auctioneer poised for takeover
Fri, 26 Nov, 2004 - 12:46

A former darling of the dotcom boom was today on the brink of being sold for €17m – four years after being valued at €2.1bn.

QXL Ricardo, an online auctioneer that was once tipped to be Europe’s answer to eBay, said a 700p-a-share offer had been tabled by its management team.

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CourtsBusinessHeathrowPlace: EuropePlace: USPlace: UKPlace: GermanyPlace: NorwayPlace: DenmarkPlace: SwitzerlandPerson: Mark ZaleskiPerson: Tim JacksonOrganisation: QXL RicardoOrganisation: eBayOrganisation: QXLOrganisation: Tiger Acquisition CorporationOrganisation: Tiger AcquisitionOrganisation: Great Hill PartnersOrganisation: Financial Times
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