Schibsted, which is spinning off its own digital classifieds business, would probably have to ditch Scout24's Spanish auto classifieds business for the same reason.
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Schibsted, which is spinning off its own digital classifieds business, would probably have to ditch Scout2112.9's Spanish auto classifieds business for the same reason.
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Classifieds were an even smaller part of the eBay's earnings, with revenues of $244 million, with Germany (eBay's second largest market after the U.S.) the strongest market for classifieds.
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BERLIN (Reuters) - German online classifieds company Scout24 AG (G24n.
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These sites have built up a reputation for being the best in classifieds in their specialty, making it difficult to compete for competitors who try to provide an all-in-one classifieds platforms.
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This makes it the largest classifieds company in the world.
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In January last year, online classifieds company Quikr bought CommonFloor.
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It wasn't an open call in the classifieds or anything.
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Jiji also faces competitors in Africa's growing online classifieds space.
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The Craigslist post has since been removed from the classifieds site.
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Larkin worked out a lucrative revenue model, emphasizing classifieds and personals.
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But you weren't thinking, "Classifieds are terrible, I'm gonna fix them"?
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Senators lashed out at executives from the online classifieds site Backpage.
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But in a conversation with Recode in early December, Naspers Classifieds CEO Martin Scheepbouwer would not dismiss a hypothetical merger with OfferUp, noting a long list of countries where Naspers Classifieds' companies have executed them successfully.
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Naspers takes full control of Russian classifieds site Avito in $1.16B deal South African internet conglomerate Naspers is best known for backing Chinese tech giant Tencent, but it also operates a vast network of online classifieds businesses.
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If you doubt that's true, you haven't been looking at the classifieds.
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The startup began life as a mobile-focused classifieds site in Singapore.
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The biggest losers included online classifieds business Trade Me, down 0.8 percent.
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Avito is Russia's top classifieds site, claiming 10.3 million unique daily visitors.
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Growth in classifieds media, which includes jobs portal Stepstone, slowed to 1.3%.
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We were one of the first classifieds companies and Excite bought us.
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EBay said in March it is considering a spinoff of its classifieds business.
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Not many renters, after all, are still leafing through newspaper classifieds in 2016.
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Craigslist's domination of online classifieds leading to the downfall of traditional print media.
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I've been really focused on the advertising marketplaces, properties, classifieds, things like that.
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There's nothing flashy about the internet's most famous classifieds section, but it works.
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Bascobert likened the business to traditional classifieds, for example, connecting homeowners with plumbers.
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EDT: The Senate will vote on whether to hold online classifieds site Backpage.
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StubHub took in $291 million in sales and the classifieds unit booked $20143 million.
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StubHub took in $73 million in sales and the classifieds unit booked $27 million.
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Indian classifieds startup Quikr has made an undisclosed acquisition to grow its recruitment business.
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"It is alarming the casualness with which President Trump shares classifieds information," Democratic Rep.
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Still, it might be early for Republican lawmakers to start leafing through the classifieds.
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He said he preferred to post his own ads on local Chinese classifieds websites.
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Jumia said it would continue to service vendors and customers via its classifieds business.
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The popular classifieds site is perhaps the most famous example of Brutalism in practice.
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Total print and digital advertising revenue, excluding classifieds, for the year was down 7 percent.
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Classifieds aside, LGBT life is becoming ever more integrated into mainstream society and the media.
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The justices declined to take up an appeal from women suing online classifieds website Backpage.
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I found an ad in the classifieds section of a company looking for sales representatives.
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Backpage was a classifieds site that had become known as a safe marketplace for sex workers.
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She co-founded and was CEO of Carmudi, one of Latin America's biggest auto classifieds sites.
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Fabrice was also co-founder and CEO of OLX, the largest classifieds sites in the world.
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AX metropolitan newspapers and Domain real estate classifieds unit, the Australian media group said on Monday.
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"CENSORED," a message on the site's adult classifieds section now reads, in large, bright red letters.
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Some people might think a creation of Craigslist hurt newspapers, for example, by killing off classifieds.
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By the late 1990s, it boasted forums, classifieds, news, and information about weather and exchange rates.
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The Permanent Subcommittee on Investigations concluded in January that the classifieds site "knowingly facilitated" sex trafficking.
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His next two, Luna and Nova, were on a local classifieds website's miscellaneous old clutter section.
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What's next: The company is looking to increase payments within its classifieds section, which launched last quarter.
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The new PlayStation 4 version — a slimmer, matte black console — appeared in the classifieds over the weekend.
|
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Much of the company's growth also came from Stubhub, its ticket reseller subsidiary, and its classifieds business.
|
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It's in the gossip column on the next page, or in the classifieds tucked in the back.
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Craigslist disrupted real estate classifieds, and that was devastating to print media, and the pie got smaller.
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"What we're doing is rebuilding the arsenal of democracy," Newmark, who founded classifieds site Craigslist, told Reuters.
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However, more than a few end up in the classifieds as used cars with bogus background stories.
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Some of those sectors and bets include e-commerce (Flipkart), online retail (Allegro), online classifieds (including Mail.
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In 1999, Roslansky started a five-year stint at Yahoo, where he worked on classifieds and search.
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Droom competes against classifieds site OLX, as well as other used car platforms like CarTrade and CarDekho.
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Take, for example, Madame Boulanger ("celebrated trance medium") who offered counsel in New York classifieds each week.
|
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Facebook Marketplace Facebook Marketplace is a classifieds platform that harnesses all the social media power of Facebook.
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Newspaper income from classifieds, which had provided up to 40 percent of the industry's revenue, immediately plummeted.
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SoLocal said it was in talks over the sale of its online real estate classifieds business AVendreAlouer.
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"The Carousell business model is essentially the classifieds model, which traditionally has [around] 50 percent margins," he said.
|
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In season 6's final episode, we learn that neither Barbara nor Carol remembered the classifieds story correctly.
|
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The controversial classifieds site Backpage, which many escorts used to screen clients, has been seized by the FBI.
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In 2007, the desktop version of the social network introduced a classifieds marketplace where you could list items.
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He added that, despite speculation to that effect, eBay's European classifieds business was not yet up for sale.
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"Think the lonely hearts classifieds section of the paper, and then video dating in the 1980s," he says.
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StubHub, its ticketing business, accounted for $314 million of sales, while classifieds brought in $263 million of revenues.
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Naspers' other investments in India include online classifieds firm OLX, online travel firm MakeMyTrip and payments company PayU.
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Elizabeth Rosania, 86, learned a painful lesson when she found boarders through the classifieds in the local paper.
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In China, orphanages publish classifieds of abandoned children, including their headshots, where they were found, and their orphanage location.
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Add in the lucrative classifieds business and you had an industry clamoring for cool content – sort of like blogging.
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ImmobilienScout224 is the real-estate classifieds market leader in Germany, offering a popular smartphone app for rentals and sales.
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With regards to the two assets they called out specifically-- DAVID FABER: StubHub and the Classifieds— DEVIN WENIG: Right.
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On Friday, as part of a crackdown that long predates SESTA, the country's best known adult classifieds site, Backpage.
|
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Axel Springer, with its vast experience in media, and specifically publishing and classifieds, is an obvious strategic backer here.
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The Utah Gun Exchange is classifieds advertisement website for Utah residents to buy and sell guns and gun parts.
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Today, it announced it has acquired Caarly, a fellow Singaporean company that operates a classifieds service for used cars.
|
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Scout24 expressed an interest in March in part of eBay's digital classifieds business, including German used-car portal Mobile.
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In the afternoon, the Senate will vote on a resolution to help enforce a subpoena on classifieds site Backpage.com.
|
|
The deal forms part of Naspers' strategy to expand in classifieds, online food delivery and fintech, the firm said.
|
|
Jumia now sells everything from mobile phones to diapers, and offers online services such as food-delivery and classifieds.
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Online classifieds and auction sites like eBay have long made it possible to research and even purchase cars online.
|
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Freshly minted mobile classifieds startup Carousell is officially on the prowl — and Southeast Asia's struggling startups are on the menu.
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"The business model which we are applying today is a good old tested and proven model of classifieds," she adds.
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EBay plans to consider either spinning off or selling both its classifieds business and StubHub, two of the people said.
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|
That makes it a very coveted investor for Carousell and, really, any company that sits in the classifieds/listing space.
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Fairfax's real estate classifieds unit, Domain, began to trade on the Australian Securities Exchange on Thursday under the "DHG" ticker.
|
|
By some accounts, as the 20th century progressed, non-personal classifieds accounted for as much as 40% of newspaper revenue.
|
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Starboard said in a letter to eBay Tuesday it was disappointed eBay hasn't made progress on selling its Classifieds unit.
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The company plans to reduce costs by generating more revenue from higher-margin internet services, such as payments and classifieds.
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|
If it wasn't clear, we are no longer talking about small town newspapers losing their classifieds revenue and going belly up.
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At what point did Yahoo become this place where people went for email, hot jobs, classifieds, when it became the portal?
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They had also urged it to sell eBay Classifieds Group as part of a plan that could double the company's value.
|
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The company's classifieds business generated $235 million in revenue this quarter, or just over 10% of its revenue for the quarter.
|
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We have updated the story to reflect that most units — units aside from Classifieds — grew less than 10% year-over-year.
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Elliott Management is urging eBay to restructure itself, including by possibly separating both StubHub and Classifieds from its core Marketplace platform.
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When I started in sex work, I made my first hundred dollars by scanning the "Men Seeking Women" classifieds on Craigslist.
|
|
Because Facebook's classifieds feature Marketplace is growing, it will now command the full attention of Deb Liu, who previously ran Platform.
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As part of the recommendations, eBay's "portfolio of Classifieds properties" and online ticket exchange StubHub could be separated from the parent.
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The move was part of Ringier's strategy to invest in four verticals within Africa: classifieds, content, digital marketing, and e-commerce.
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Goods and services lines include Jumia Food (an online takeout service), Jumia Flights (for travel bookings) and Jumia Deals (for classifieds).
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Fairfax had been planning to demerge its Domain real estate classifieds unit, Australia's second-biggest property listings website, later this year.
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"This investment further strengthens our global position in online classifieds, a core focus for Naspers alongside online food delivery and fintech."
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FRANKFURT (Reuters) - Fund manager Baillie Gifford on Friday threw its weight behind the management team at German classifieds group Scout24 (G13n.
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The 20.7573-year-old company said digital advertising revenue rose 14.8 percent, excluding classifieds, while print advertising revenue fell 4.5 percent.
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In fact, about 85 percent of open positions are filled through networking rather than classifieds, according to a report by LinkedIn.
|
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Prior to launching Kaizen, Sudo worked at Recruit Holdings, one of the largest online classifieds and human resources companies in Japan.
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It's now going to focus on growing global businesses in online classifieds, food delivery, and payments and fintech, van Dijk said.
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The Classifieds section features the Garage Sales, as well as Housing ads — both of which push Facebook even further into Craigslist territory.
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LetGo, meanwhile, is backed by South Africa's Naspers, which also acquired a previous company from founder Alec Oxenford — the classifieds giant OLX.
|
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An eBay spokesperson told BuzzFeed News that the sale took place on eBay Kleinanzeigen, a local classifieds site under the company's umbrella.
|
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It's also rethinking everything about how classifieds should operate on mobile, from the visual layout to user privacy to transactions and more.
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Ru Group said it will focus on developing its larger verticals: Food delivery, classifieds, cross-border trade, and taxi ride-hailing services.
|
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Less than a month after raising $35 million in new financing, social commerce and classifieds startup Carousell has made its first acquisition.
|
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Just last week, Hellman & Friedman agreed to buy back a majority stake in German online classifieds company Scout24 for around $6.4 billion.
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Another online black hole, Craigslist visitors spend an average of 13 minutes, 83 seconds on these online classifieds each day, per Alexa.
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In the next 2-3 years we aim to be one of the top 10 classifieds businesses in the world by traffic.
|
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It comes after Hellman & Friedman and Blackstone offered to buy the online classifieds group for 5.7 billion euros ($6.4 billion), including debt.
|
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It's a pretty straightforward online classifieds ad, but it has received over 23,000 views and demolished plenty more hearts on social media.
|
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In Tan's case, he picked a plumbing service based on the "biggest and most professional ad" he saw in the classifieds section.
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"Online classifieds have been darling stocks over the past five years, but we see clouds on the horizon," said JP Morgan analysts.
|
|
Back to Paris, she joined Schibsted Growth, the corporate venture fund of the Schibsted Group (owner of the successful classifieds site LeBonCoin).
|
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The company is run by execs including Alec Oxenford, who previously sold OLX, an online classifieds powerhouse in emerging markets, to Naspers.
|
|
Elliott has also leaned on U.S. marketplace eBay to sell off its classifieds assets, which include Germany's leading used-car marketplace mobile.de.
|
|
A standalone Domain listing could compete more directly with REA Group Ltd, a property classifieds business two-thirds owned by News Corp.
|
|
But talk about the concept of it that, I assume, it's that classifieds were static, expensive, non-effective, all kinds of things.
|
|
I think probably Craigslist did more to decimate local news, because that was ... The fact of the matter is, classifieds weren't good.
|
|
But holding Amazon responsible for the decline in brick-and-mortar retail is like blaming Craigslist for the death of print classifieds.
|
|
Now, Stokinger is suing the website that allegedly enabled the man to buy his weapon, an online classifieds site for guns called Armslist.
|
|
Rather than reinventing the classifieds business model, Quek says that Carousell will focus on adding value to the user experience of its platform.
|
|
The investors had also urged the company to sell eBay Classifieds Group as part of a plan that could double the company's value.
|
|
"I think investors worry that Schibsted's response could be to invest even more into its online classifieds to defend its position," he added.
|
|
He reached out to someone on KSL Classifieds who's selling a puppy, and we're planning to go meet them after work this evening.
|
|
The company has announced an initial 12 partners for the SDK, including SoftBank-backed OYO Rooms, classifieds site Quikr and ticketing service Redbus.
|
|
First it was the rapid rise of the internet itself, which destroyed the classifieds business most newspapers relied upon to turn a profit.
|
|
One of the two jets that served as the Japanese Air Force One was recently listed for sale on an aviation classifieds site.
|
|
Fairfax said it would proceed with previously announced plans to demerge its profitable property classifieds division, Domain Group, by the end of 2017.
|
|
Since then eBay has sold off its StubHub ticketing business and now plans on selling its classifieds business — both moves Elliott had wanted.
|
|
That pressure may have succeeded, as eBay sold off its ticketing business StubHub to viagogo and now plans to sell its classifieds business.
|
|
The results come as eBay is in the middle of a review of its StubHub and eBay Classifieds businesses following activist investor pressure.
|
|
Rather, it was a driven investigation into the darkest recesses of the Web, focusing in particular on the online sex classifieds Website Backpage.
|
|
The classifieds site has two million listings on its Africa platforms and hit eight million unique monthly users in 2018, per company stats.
|
|
The classifieds site says it has 2 million listings on its Africa platforms and hit 8 million unique monthly users in 2018. 7.
|
|
German classifieds group Scout24 said it had agreed to sell its AutoScout24 unit to private equity investor Hellman & Friedman for 2.9 billion euros.
|
|
Carousell, the addictive Singaporean classifieds app, is looking at new ways to monetize its platform, which should be good news for its dedicated users.
|
|
Ebay is expected to provide an update mid-2020 on its Classifieds business, which Elliott has valued at between $8 billion and $12 billion.
|
|
The company is expected to provide an update this year on its Classifieds business, which Elliott valued at between $8 billion and $12 billion.
|
|
In the U.S., the online classifieds space has been dominated for years by Craigslist, despite its failure to adapt to newer technologies, including mobile.
|
|
German online classifieds company Scout24 led losses, falling 4.9% upon the announcement that a takeover bid led by Hellman & Friedman and Blackstone had failed.
|
|
Alex has obtained all the pieces from different places, starting with Craigslist and Uncle Henry's — a classifieds website that's like a Craigslist for Maine.
|
|
The Barcelona-based startup was founded in April 2015, going through the same venture builder vehicle (Antai) as Spanish mobile marketplace classifieds app Wallapop.
|
|
But the Times of India—a staid bastion that still publishes lots of match-making classifieds—this week launched an Out & Proud advertising section.
|
|
Sent last month to HSBC clients, the report was written about online classifieds company Info Edge, which owns a 50 percent stake in Zomato .
|
|
Kaizen currently has about 170 corporate clients, including Japan Airline, Yahoo, and Nestle, and specializes in recruiting, real estate, finance, and online classifieds sites.
|
|
The venerable online classifieds site removed its "personals" section this week, after Congress sent a bill to President Trump aimed at curtailing sex trafficking.
|
|
Craigslist is an online classifieds site, divided by city or geographic area, through which users advertise a range of goods, services, jobs and housing.
|
|
"MPI will be one of the global leaders in online classifieds, fully equipped to achieve long-term growth with high-profit margins," Schibsted said.
|
|
According to the Washington Post, Kizer first met Volar when she was 16 after he responded to her ad on the classifieds site Backpage.
|
|
EBay said its strategic review of its asset portfolio, including StubHub and eBay Classifieds Group, is moving forward with the assistance of Goldman Sachs.
|
|
Pan-African digital classifieds company Jiji has raised $1003 million in Series C and C-1 financing from six investors, led by Knuru Capital.
|
|
Jiji raises $21M for its Africa online classifieds business Buyers and sellers use Jiji to make purchases ranging from real estate to car sales.
|
|
Advertisements for bilingual doctors and nurses dot the island's Sunday classifieds and radio broadcasts, offering high-paying jobs in Texas, Florida and New York.
|
|
The classifieds website was valued at $200 million in 2016 when it sold a 10 percent stake to Stockholm-listed Vostok for $20 million.
|
|
A standalone Domain listing will see it compete more directly with REA Group Ltd, a property classifieds business two-thirds owned by News Corp.
|
|
Elliott projects the Classifieds Group could sell for between $200 billion and $252 billion and estimates StubHub could fetch between $3.5 billion and $4.5 billion.
|
|
Elliott projects the Classifieds Group could sell for between $8 billion and $12 billion and estimates StubHub could fetch between $3.5 billion and $4.5 billion.
|
|
The company has tried a variety of different formats within its social network, most recently turning to chat bots and a Craigslist-like classifieds section.
|
|
In 246 of its markets, eBay's classifieds app is considered the market leader, and its apps are often No. 53 in the local App Store.
|
|
"This acquisition is a significant milestone in carsales' long-term strategy to be the global leader in online auto classifieds," Chief Executive Cameron McIntyre said.
|
|
So, when it's time to restaff, you can't replace them by popping an ad in the classifieds—this work requires a very specific skill set.
|
|
Founded in 2009, CarTrade claims it is now India's largest car classifieds platform following its acquisition of rival CarWale, which was announced in November 2015.
|
|
Springer, best known as publisher of the Bild and Welt dailies, has built up a dynamic digital classifieds business that is outgrowing its content properties.
|
|
Between 2012 and 2022, car ownership in the region is set to grow more quickly than any other, according to Carmudi, a car classifieds site.
|
|
South African internet conglomerate Naspers is best known for backing Chinese tech giant Tencent, but it also operates a vast network of online classifieds businesses.
|
|
Take the story of South Australian man Ray Johnstone, who two weeks ago posted an ad searching for a fishing buddy on a classifieds website.
|
|
The firm has made over 40 investments to date and its portfolio includes mobile classifieds service Carousell, automotive sales startup Carro, real estate site 1.33.
|
|
Shares in real estate classifieds business REA Group fell 3.2 percent, after the company announced a 20 percent rise in profits, but missed market expectations.
|
|
Digital classifieds - driven by jobs site Stepstone and real estate sites - are expected to achieve double-digit growth in revenue and adjusted EBITDA this year.
|
|
CLASSIFIEDS I'm always amazed that Kenan Thompson still looks like a teenager, mostly because he's been part of the SNL cast since the late 1970s.
|
|
What we find is that, as Craigslist is entering different markets at different points in time, newspapers are shifting away from the classifieds ads model.
|
|
On outpacing rivals in its markets, Jiji's co-founder Mnogoletniy touts the company's total focus on the classifieds business, market experience and capital as advantages.
|
|
For example, a few years ago Craigslist went after a website called 3Taps, which had been scraping and republishing housing listings from the classifieds giant.
|
|
Matrix India has backed more than 60 startups to date, including Uber rival Ola, ambitious medical platform Practo, popular news aggregator DailyHunt and classifieds company Quikr.
|
|
If eBay is able to separate StubHub and the classifieds business, the remaining marketplace business could be a more realistic size for a private equity transaction.
|
|
The firm has already taken minority stakes in Iranian companies including the Internet and e-commerce company Sarava and Iran's second largest online classifieds company Sheypoor.
|
|
The site has come under scrutiny from authorities in recent years for its adult ads, which helped make it the second largest classifieds site behind Craigslist.
|
|
Stockland's cautious view contrasts with a more positive outlook offered by real estate classifieds platform Domain Holdings Australia and construction firm Lendlease Group earlier this month.
|
|
Facebook has a huge opportunity to use its ubiquity, non-stop usage and real identity system to outcompete Craigslist, the long-standing leader in online classifieds.
|
|
Three months ago, the classifieds app VarageSale began testing a credit-card payment feature that was free for users, but a money-loser for the company.
|
|
The company has stakes in PayU, a payment and fintech company; OLX, a classifieds business; the online travel business MakeMyTrip, and Swiggy, a food delivery company.
|
|
In May, banks dropped a €2.72bn leveraged loan financing for German online classifieds group Scout24 after it failed to obtain the required level of shareholder support.
|
|
Revenues, excluding classifieds, grew 4.6 percent to 85.6 million pounds on stronger digital revenues and sales of i newspaper, which was bought by Johnston last year.
|
|
Craig Newmark, the founder of the online classifieds website Craigslist, is donating $20 million to the City University of New York (CUNY) Graduate School of Journalism.
|
|
I did lots of different things and ended up in Germany working on the IPO for a company called Scout24, which is a property classifieds business.
|
|
"We consider such a move a major positive in terms of highlighting the online classifieds values of the company," Pareto said in a note to clients.
|
|
I'd quizzically examine the pornographic classifieds in the back of the paper, heed the movie reviews and local theater listings, devour the Tom Tomorrow comic strips.
|
|
While it might appear to be a typical suburban two bedroom home, Hughes has pitched it as a "Financial Black Hole for Rent" on classifieds website Gumtree.
|
|
As the Verge reported this weekend, the classifieds site now includes an option to let potential buyers know that users accept cryptocurrency as a form of payment.
|
|
There are plenty of classifieds that help car owners sell their vehicles online, but Carro aims to stand out from the crowd with a services-focused offering.
|
|
By investing in digital classifieds and advertising Axel Springer has bought itself time to try and save its traditional news business, argues Katja Riefler, a media analyst.
|
|
Earlier Tuesday, hedge fund Starboard Value called for eBay to sell its classifieds business, saying it would allow the company to focus on growing the marketplace business.
|
|
Singapore-based auto classifieds Carro has a double whammy of news today — it has moved into the vehicle financing space and raised $12 million more from investors.
|
|
It is worth less than two private equity approaches a year ago, although Fairfax has since spun off its profitable property classifieds arm Domain Holdings Australia Ltd.
|
|
"We're making significant progress and actively reviewing the role and value of StubHub and Classifieds in our portfolio," eBay CEO Devin Wenig said on Wednesday's earnings call.
|
|
Property classifieds sites Domain Australia Holdings Ltd and News Corp-owned rival REA Group as well as furniture seller Nick Scali are also feeling the negative effects.
|
|
Then they moved it to another period, which I covered, which was a whole bunch of apps where it was like a clearinghouse, it was classifieds, essentially.
|
|
For the unfamiliar, Naspers is a Johannesburg-listed tech and media firm that operates robust online classifieds businesses in emerging markets, with a strong presence in India.
|
|
GoGoVan last month agreed to a merger with 58 Suyun, the freight business of mainland Chinese online classifieds giant 58 Home, to create the city's first unicorn.
|
|
That was largely due to a first-time profit contribution from classifieds platforms that include Letgo, a mobile app that competes with Craigslist in the United States.
|
|
Last year saw the passage of the Stop Enabling Sex Traffickers Act (SESTA), largely as part of an effort to take down the controversial classifieds website Backpage.com.
|
|
Like some of these other apps, 5miles plays on the fact that Craigslist — which still dominates the online classifieds space — is outdated and not vetted very well.
|
|
The store has remained a hub for immigrants; handwritten classifieds are thumb-tacked to a bulletin board near the entrance, alongside a history of the evil eye.
|
|
"The listing of their classifieds business under the OLX brand could be the next step," said Charl Wolmarans, an analyst at Avior Capital Markets in South Africa.
|
|
The internet has done an incredible job at devouring the newspaper's tools of time capture (news, information, classifieds, etc.) but has — yet — to really encroach on television.
|
|
Twenty months after launching its Craigslist competitor, Marketplace, and relentlessly promoting it with placement in the main navigation bar, Facebook will start earning money off its classifieds section.
|
|
Stubhub posted revenue of $22.14 million, up 2.083 percent from the same period last year, while classifieds grew 22.08 percent year-over-year with sales of $24 million.
|
|
Hellman&Friedman recently worked with Deutsche Telekom on the acquisition of a controlling stake in Scout24, leaving the German firm with 11 percent of the online classifieds group.
|
|
He envisions a future for Grindr well beyond the scope of its grabby classifieds, and wants to shed the stigma attached in some corners to using the app.
|
|
In fact, the unit has already quietly made a handful of investments, including in LetGo, a mobile only classifieds site in which Naspers invested $100 million last fall.
|
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Outside of classifieds, Nasper has put increased focus on India where it has backed unicorns Swiggy (food delivery) and Byju's (education) in major deals announced in recent months.
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Property classifieds platform Domain Holdings Australia rose as much as 11.9 percent to a near two-week high after posting stronger-than-expected first-half revenue on Friday.
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The money is being used to scale up other e-commerce ventures and make new investments in online classifieds, payments and food delivery, with $750 million already spent.
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A congressional investigation this year found that the website changed some of its adult classifieds to conceal the fact that the advertisements were for sex acts with minors.
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That, for anyone who hasn't followed Trump since the New York City tabloids were fat and literally dripping with classifieds, predates this past political cycle by a decades.
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AX said on Thursday its shareholders had agreed to a plan to spin off its real estate classifieds unit, Domain Holdings Australia Ltd, into a standalone listed company.
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Dubizzle, an Emirati classifieds website that acquired We Cash Any Car in 2018, told CNN that it listed 1,299 cars valued over one million dirhams ($272,20153) last year.
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In addition to sales of goods from mobile-phones to diapers, both startups also began experimenting with verticals for internet based services, such as food-delivery and classifieds.
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They went to the Ambassador Hotel to buy a Los Angeles Times, a pack of cigarettes and two cigarette holders, then sat down to look at the classifieds.
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Online classifieds business Carousell said it has agreed to merge with a subsidiary of Norwegian telecoms firm Telenor Group, valuing the combined company at more than $850 million.
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With the launch, Facebook will become the latest company to try to beat U.S. classifieds giant Craigslist on mobile phones, where more and more shopping is taking place.
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With 98 million exchanges per year, leboncoin is the first classifieds site in France, in real estate, jobs, vehicles and other categories, with 1 million new ads every day.
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Sitting at the center of a circle of inmates, Carol tells a story about working as a waitress on a busy night when someone asks her for the classifieds.
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But that digital classifieds piece is key for KKR, and helps explain why it's betting big on a "news media" sector that most other buyout firms have studiously avoided.
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The online auto classifieds company's existing stake in the joint venture would be revalued for accounting purposes, creating a one-off non-cash gain of about A$100 million.
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The classifieds site's CEO, Carl Ferrer, and its former owners, Michael Lacey and James Larkin, have been accused in J.S.' lawsuit of knowingly permitting the trafficking of underage girls.
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Scout24 has the attraction of being a classifieds pure play, enabling it to command a valuation of 17 times estimated 2019 earnings before interest, taxation, depreciation and amortisation (EBITDA).
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German classifieds group Scout24 has picked three private equity firms for the second round of bidding for its autos unit AutoScout24, people close to the matter said on Thursday.
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Schibsted's classifieds spin-off has been warmly welcomed by investors who have been less impressed by strategy at rivals such as German publisher Axel Springer and broadcaster ProSiebenSat.1.
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Avito was launched by entrepreneurs Jonas Nordlander and Filip Engelbert in 2007 as Russia's answer to Craigslist and today owns and operates the country's largest online classifieds website Avito.ru.
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Scout24 has the attraction of being a classifieds pure play, enabling it to command a valuation of 17 times estimated 2019 earnings before interest, taxation, depreciation and amortization (EBITDA).
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SINGAPORE (Reuters) - Singapore's Carousell, a classifieds marketplace, said on Monday that it raised $85 million in funds from investors including DBS Group Holdings Ltd, the city-state's biggest lender.
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Australian states and territories began banning commercial solariums from 2014, but there have been reports of an illegal solarium industry springing up, with online classifieds used to advertise them.
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Johnston Press said revenue, excluding classifieds, grew 29.7 percent to 102.93 million pounds in the 2102.9 weeks to July 21, on stronger digital business and sales of "i" newspaper.
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Local grocery marketplace Grofers, travel booking service MakeMyTrip, online classifieds platform Quikr and VC firms Matrix and Kalaari have also joined the organization, people familiar with the matter said.
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Its other investments in India include online classifieds business OLX, travel website MakeMyTrip and education platform BYJU's, into which it led a $540 million funding round earlier this week.
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Neal started off targeting forums like Fauna Classifieds and The Bearded Dragon Forum where he marketed his service and chatted with reptile pet owners under the screen name CheapFeederCrickets.
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OSLO, Feb 12 (Reuters) - Online classifieds group Adevinta could spend parts of its growing cash pile on acquisitions in European markets, the company's chief executive told Reuters on Wednesday.
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DUBAI, Nov 26 (Reuters) - Private equity firm General Atlantic has led a $120 million investment and acquired a minority stake in Middle East real estate classifieds website Property Finder.
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Businesses can extend their existing News Feed, video, Instagram, Messenger and other ad campaigns to Marketplace, and more types of objective-based campaigns will open to the classifieds section soon.
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Unfortunately, the rise of this classifieds site came alongside the decline of newspapers and alt-weeklies, and we're still debating how much Craigslist is responsible for the downfall of journalism.
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It went on the market in 2015, with the now slightly creepy attraction selling for A$19873,000 (US$422,800) on classifieds site Gumtree — a measly sum, a few may think.
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General Atlantic entered into a partnership with Springer in 2012, taking a 30 percent stake in the publisher's online classifieds business as part of a strategy to diversify it internationally.
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Today Jiji, one of the largest marketplaces for classifieds in Africa, has acquired their main competitor on the African market, OLX, and their businesses in Kenya, Ghana, Uganda and Tanzania.
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Elliott had projected the Classifieds Group could sell for between $8 billion and $12 billion and estimates StubHub could fetch between $3.5 billion and $4.5 billion, CNBC reported last month.
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Real estate classifieds firm REA Group Ltd was among the top gainers, extending gains on Monday after investors shrugged off a large drop in profit on Friday to close higher.
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Along the journey, the team found that classifieds, matrimonial ads and things like birthday wishes are still driving people to newspapers, so Lokal has brought those things to the platform.
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Job seekers who search online find employment 25 percent faster than those who use traditional methods like newspaper classifieds, according to a report released by the Council of Economic Advisers.
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But the concept that I always think about when I first start to see these things, and especially saw ... I worked at a newspaper and I saw them around classifieds.
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Scout24, previously backed by private equity before its listing, could serve as a vehicle for consolidation in Europe's fragmented but fast-growing online classifieds sector, which is outperforming digital media.
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In a letter to eBay's board in January, Elliott urged the company to consider selling StubHub and the classifieds business, saying such transactions could bring in more than $16 billion.
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Its non-Nordic online classifieds business generated revenues of 4.8 billion Norwegian crowns ($587 million) last year, jumping 22 percent from the previous year, according to the group's annual report.
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Scout24, yielding to pressure from activist investor Elliott , said in August it would explore a sale or spin-off of AutoScout24, which is Germany's No.2 used-car classifieds platform.
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Berenberg analyst Sarah Simon said in a research note that going private could increase Axel Springer's flexibility, especially if it seeks to acquire more classifieds businesses, such as parts of eBay.
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Later in the interviews, when describing the first killing, Jutting bent over to show how he slit the throat of first victim, Ningsih, whom he previously met through a classifieds website.
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Unlike with other retailers, there's not a lot of overhead here for Craigslist—as a classifieds site, it never sees a cut of any of the transactions it enables at all.
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Earlier on Tuesday activist shareholder Starboard Value LP again called on eBay Inc to sell off its classifieds business, saying the company has not made enough progress to improve shareholder value.
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Vroom's competition abounds, ranging from large public companies like Carmax, TrueCar and Ebay Motors, to classifieds sties like Craigslist or Carfax, and other venture-backed startups including Beepi, Shift and Carlypso.
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Naspers Foundry will back companies that align with the internet businesses on which Naspers focuses — such as food, payments or classifieds — and any other digital venture that addresses a societal need.
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The news of ICE's approach on Tuesday came just a few hours after activist investor Starboard Value sent a letter to eBay's management, renewing pressure to spin-off its classifieds segment.
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Other startups riding the used car wave include CarDekho, a classifieds site that competes directly with CarTrade, and smaller companies that offer specialty services, including car inspections, like Gozoomo and Spinny.
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One new Craigslist competitor is trying to convince consumers that its online community is safe — a not-so-subtle attempt at differentiation from the 20-year-old leader in online classifieds.
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As ITK first reported back in 2013, hordes of inaugural tickets for President Obama's swearing-in ceremony were up for grabs for thousands of dollars on various auction and classifieds sites.
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The ghastly alternative to turning up "on the news" is to be "buried," the way the classifieds or the obits are "buried" in the paper, in a "catalogue" of potential deaths.
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That makes it well-aligned with Naspers' portfolio, which features some of the world's largest classifieds services including OLX, which covers 45 countries, Letgo in the U.S. and Avito in Russia.
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Naspers said its e-commerce division, which excludes Tencent and houses assets such as OLX, the biggest classifieds sites in India and Brazil, widened losses to $682 million from $648 million.
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BERLIN, Dec 17 (Reuters) - German classifieds group Scout24 said on Tuesday it had agreed to sell AutoScout24 to private equity investor Hellman & Friedman (H&F) for 2.9 billion euros ($3.2 billion).
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The online auto classifieds company said it had signed a memorandum of understanding with SK Holdings Co Ltd to buy the remaining 50.1 percent stake in South Korean joint venture Encar.com.
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Revenue grew 6 percent to $12.2 billion, driven by growth from Tencent and from ecommerce on the back of revenue growth in classifieds, travel and retail, Naspers said in a statement.
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FRANKFURT, Jan 30 (Reuters) - German online classifieds company Scout24 AG has received but rejected an expression of interest for one of its units from a peer, people close to the matter said.
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SAO PAULO, Oct 5 (Reuters) - Brazil's depressed homebuilding market could see the start of an upswing next year as developers regain confidence, Lucas Vargas, chief executive of online classifieds VivaReal, told Reuters.
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Trade Me, which bills itself as New Zealand's largest and most popular auction and classifieds site, announced that it was halting the sale of semiautomatic weapons on its platform following the shooting.
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Earlier this month, Fairfax Media said its shareholders had agreed to spin off of its real estate classifieds unit, Domain Holdings Australia Ltd, into a standalone listing on the Australian Stock Exchange.
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AX swung to an annual net profit on the back of deep cost cuts and a robust performance from its online property classifieds business, but advertising revenue declined sharply across its newspapers.
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Before this, Minette worked as general manager of Strategy and Research at Media24, where she focused on business strategy development across a diverse portfolio spanning media, B2C e-commerce and classifieds assets.
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German online classifieds company Scout0.23 AG has rejected a 4.7 billion euro ($5.34 billion) takeover offer from private equity firms Hellman & Friedman and Blackstone, potentially paving the way for a bidding war.
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Shares of land developers and real-estate companies were also lower after property classifieds advertiser REA Group forecast lower listings for the first-half of 2020 and posted lower first-quarter revenue.
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Naspers said the proceeds will be used to reinforce its balance sheet and will be invested over time to accelerate the growth of Naspers' classifieds, online food delivery and fintech businesses globally.
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LONDON, March 22014 (LPC) - Private equity houses Hellman & Friedman and Blackstone's potential acquisition of German online classifieds group Scout230 will be backed with €2695bn of leveraged loans, it was announced on Thursday.
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Rather than swiping through matches, users write about themselves and what kind of person, relationship, or activity they are looking for — similar to personal ads in the classifieds section of a newspaper.
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Naspers is in the middle of deploying a nearly $10 billion war chest to scale up its e-commerce ventures and make new investments in online classifieds, payments and food delivery platforms.
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The couple announced their engagement in January in the classifieds of The Times of London, which he owns, in an ad that listed the names of the couple's 10 children between them.
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Among the companies he has started is OLX, one of the largest free classifieds sites in the world — one that was acquired over time by the African conglomerate Naspers for $250 million.
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In the '90s, media stalwarts complained that Craigslist and eBay had stolen their classified business by posting ads for free — but paper classifieds were doomed the moment the web browser became popular.
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LONDON, Jan 30 (LPC) - Banks have launched a €1.15bn leveraged loan financing to back Hellman & Friedman's acquisition of AutoScout24, the digital motor vehicles unit of German classifieds group Scout24, banking sources said.
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After accumulating investments in several price comparison services, Naspers has been selling them as part of a strategy to focus its portfolio on classifieds, food delivery and financial technology startups, or fintechs.
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"I Am Jane Doe," a chronicle of the continuing fight to hold an online classifieds site liable for the extreme harm resulting from some of its escort ads, falls into that category.
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MUNICH, Dec 16 (Reuters) - German classifieds group Scout24 is set to sell its cars division AutoScout24 to private equity investor Hellman & Friedman, a source familiar with the plan told Reuters on Monday.
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While the existing firm will keep the Nordic classifieds units and the company's newspapers, the new entity - preliminarily named MPI - will have international operations in countries including Germany, France, Brazil, Indonesia and Thailand.
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FRANKFURT, Aug 5 (Reuters) - U.S. activist investor Elliott urged German classifieds group Scout24 on Monday to sell its car listings division and ramp up a share buyback programme to boost returns to investors.
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Rupert Murdoch, the executive chairman of News Corporation, and the former model Jerry Hall got engaged over the weekend and announced their pending nuptials Tuesday in the classifieds of a newspaper he owns.
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A banker familiar with the deal said Springer's main owners wanted to uphold the company's heritage in news and take their time to expand its classifieds business, eschewing the idea of a breakup.
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Domain, the real estate classifieds section of Fairfax, will form a joint venture (JV) with Sydney-based start-up Lendi in what Domain's CEO Antony Catalano said was a "very important strategic announcement".
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"Trading losses in e-commerce reduced significantly with the classifieds business continuing its margin improvement to become profitable in the aggregate for the year ended 31 March 2019," it said in a statement.
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Springer, headquartered in Berlin, reported a second-quarter slowdown as a weakening economy - in particular in Britain due to uncertainty over its plans to leave the European Union - hit its jobs classifieds business.
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OLX, the biggest classified ads site in India and Brazil, said the combination of Webuycars' can improve the experience of classifieds users across its OLX platforms, without providing further detail of the agreement.
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Ogundeyi — a repeat founder who exited classifieds publication Motortrader and worked in a finance advisory role to the Nigerian government — co-founded Kuda in 2018 with former Stanbic Bank software developer Musty Mustapha.
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That was the City Paper, and the Washington Post of course had Heckinger's and Woody's and things like that, which soon died, and classifieds was a very important part of the City Paper.
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The e-commerce company announced in March that it was a initiating a strategic examination of its assets following pressure from activist investors to spin off or sell StubHub and its Classifieds Group.
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Earlier this year eBay initiated a strategic review of its assets, including ticket sales site StubHub and the Classifieds Group, after facing pressure from activist investors to spin off or sell these properties.
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In Germany, a $6.4 billion bid by private equity houses Hellman & Friedman and Blackstone to take Scout24 private collapsed after the move for the property and car classifieds company failed to win majority support.
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That means that if, say, a person using the mobile classifieds app Letgo is talking with five different potential buyers, each would be provided a different number to ensure the "utmost privacy," says Sanyam.
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Previously, Carousell snagged half-a-dozen developers from female-focused safety app Watch Over Me in an acquihire deal, while it also consumed automotive classifieds startup Caarly to broaden its focus into car sales.
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Naspers said that proceeds from the sale of Flipkart would be funneled back into the company's balance sheet to fuel the growth of the company's own classifieds, online food delivery, and fintech businesses globally.
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This would buy time for Springer, which also publishes financial news website Business Insider, to prospect for acquisitions and build its digital classifieds portfolio, which earns more than four-fifths of its core profit.
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The "Mad Money" host saw the biggest point of potential conflict being the spin-offs of StubHub and Classifieds, which eBay CEO Devin Wenig highlighted on the company's most recent post-earnings conference call.
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On the flip side, Sydney Morning Herald owner Fairfax Media gained 9.5 percent after half-year profit rose 6.1 percent, and confirmed it was preparing for a demerger of its real estate classifieds arm.
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FRANKFURT, Oct 17 (Reuters) - German classifieds group Scout24 Scout24 has picked three private equity firms for the second round of bidding for its autos unit AutoScout24, people close to the matter said on Thursday.
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In May, banks dropped a €22bn leveraged loan financing for German online classifieds group Scout22 following a failed takeover bid, missing out on an approximate €28m fee that further impacted a depleted 2019 budget.
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The classifieds group has been left facing uncertainty after a takeover bid, at 46 euros per share, by Hellman & Friedman and Blackstone failed earlier this year, despite management's recommendation that shareholders accept the offer.
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The company's management has expressed interest in parts of the digital classifieds business of eBay, the U.S.-based online marketplace that is under pressure from activist investors to divest assets to realise shareholder value.
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Shares of property classifieds company REA Group were up as much as 21.4440% to a record high before easing slightly, while those of its rival Domain Holdings Australia ended 2.3% higher during the session.
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Hellman & Friedman and Blackstone are selling a 6.2% stake they owned in Scout1.53 to institutional investors, according to two bookrunners handling the deal, months after their failed attempt to buy the German classifieds group.
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The online firearms marketplace Armslist, which describes itself as the "largest free gun classifieds on the web," facilitates illegal gun sales by allowing users who cannot pass a background check to find unlicensed sellers.
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Job classifieds portal Seek Ltd slid as much as 3.8 percent, its biggest intra-day percentage decline in more than three months, after announcing a 2.93 percent fall in its first-half net profit.
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Springer said in September it was actively looking at potential takeovers, even as a buyout of its minority shareholders by KKR awaits completion, amid speculation that the digital classifieds sector will consolidate in Europe.
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Digital operations now account for more than 70 percent of revenues and core profits at Axel Springer, which in addition to news is focusing on its faster growing jobs and real estate classifieds businesses.
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Naspers will continue to own at least 73% of Prosus, which also holds other technology assets such as stakes in restaurant app Delivery Hero, online classifieds business OLX Group and Russian internet company Mail.ru.
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By contrast, Springer's valuation has fallen to half of Scout24's as investors looked elsewhere to capitalize on media restructuring plays, such as Norwegian publisher Schibsted, which has spun off its digital classifieds arm Adevinta.
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SYDNEY, Feb 21 (Reuters) - Australian job classifieds portal Seek Ltd said on Wednesday its profit rose 11 percent, as revenue growth in Australia and China offset weak results in Brazil, Mexico and elsewhere in Asia.
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Search volume in Facebook's peer-to-peer classifieds directory that launched a year ago has grown 3X globally since the start of 2017, with 18 million listings being added in the US alone in May.
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Analyst Ian Whittaker at Liberum said KKR's offer for Springer shares would almost certainly be accepted, adding that it would fuel M&A speculation in European digital classifieds at a time of growing economic headwinds.
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Springer, which has its own German real-estate classifieds business, might have to dispose of that part of Scout20.8871's operations if it does do a deal to avert any possible antitrust concerns, they added.
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Springer, which has its own German real-estate classifieds business, might have to dispose of that part of Scout29's operations if it does do a deal to avert any possible antitrust concerns, they added.
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The classifieds giant said in Thursday's earnings call that it added more than 100 million new users in 2018 for 58 Town, its app aimed at the new wave of internet users outside China's megacities.
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OLX last week sold a slew of its Africa-based business to rival Jiji, while, back in January, Naspers took full control of its Russia-based classifieds site Avito in a deal worth $1.16 billion.
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FRANKFURT, March 13 (Reuters) - Private equity houses Hellman & Friedman and Blackstone launched a tender to buy Scout24 on Thursday, saying they supported acquisitions by the German cars-to-property classifieds group to expand the business.
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On sites like Gumtree and Junk Mail, South Africa's Craigslist-like online classifieds, dozens of vendors have started selling water, water tankers, water pumps, and filters to meet the demand where the government has not.
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Founded in 1915, Naspers has transformed itself from an apartheid-era newspaper publisher into a $85 billion multinational with private equity-style investments e-commerce platforms such as auction sites, online retail and e-classifieds.
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After bouncing around Silicon Valley in the late 1990s, working at startups like Billpoint, Classifieds 2000 and OnePage, Keith Richman returned home to Southern California to try and make a go of working in Hollywood.
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Grabau said Kinnevik, which is flush with cash following last year's sale of its stake in Russian online classifieds firm Avito, would take advantage of weaker valuations with possible new investments in financial technology and healthcare.
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Founded in 1915, Naspers has transformed itself from an apartheid-era newspaper publisher into a $100 billion multinational with private equity-style investments in e-commerce platforms such as auction sites, online retail and e-classifieds.
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Real estate classifieds firm REA Group erased earlier losses to surge 5.6%, as investors corrected for a "knee-jerk" reaction to a 58% drop in annual profit, that was largely impacted by a hefty impairment charge.
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In a letter to the company's board, Elliott asked eBay to hive off its StubHub ticket sales business and eBay Classifieds Group as part of a plan the hedge fund says could double the company's value.
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Elliott said StubHub on its own could be worth $3.5 billion to $4.5 billion and eBay Classifieds, which has an international footprint, could be sold or spun off and worth between $8 billion and $12 billion.
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FRANKFURT, March 13 (Reuters) - Managers at Axel Springer SE have shared a 12 million euro ($15 million) bonus from investor General Atlantic following the profitable sale of an investment in the German publisher's online classifieds business.
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Founded in 1915, Naspers has transformed itself from an apartheid-era newspaper publisher into an $85 billion multinational with private equity-style investments in e-commerce platforms such as auction sites, online retail and e-classifieds.
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While classifieds may sound like a very retro corner of e-commerce, it remains a growing business (just ask Facebook, which has been growing its own marketplace and giving it increasing exposure across its own network).
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FRANKFURT, Aug 16 (Reuters) - Fund manager Baillie Gifford on Friday threw its weight behind the management team at German classifieds group Scout24, which has faced calls from activist investor Elliott Advisors to break up the business.
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Cape Town-based Naspers is in the midst of deploying a close to $10 billion war chest to scale up its e-commerce ventures and make new investments in online classifieds, payments and food delivery platforms.
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Craigslist, little changed since it unveiled its spare text design in 1995 and began to crush the paid print classifieds business, will no longer offer a way for anonymous people to connect for romance or sex.
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FRANKFURT, Nov 7 (Reuters) - German publisher Axel Springer reported a double-digit gain in core profits on Wednesday as its digital classifieds operation advanced and millennial-focused online news outlet Business Insider grew and made money.
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Norwegian publishing firm Schibsted reported first-quarter core earnings above expectations on Wednesday and maintained its forecast of annual revenue growth of between 15 and 20 percent in online classifieds for the mid- to long-term.
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Just this week, banks dropped a €2.72bn leveraged loan financing for German online classifieds group Scout24 following a failed takeover bid, missing out on an approximate €28m fee that will further impact a depleted 2019 budget.
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The potential hit to Springer's jobs arm, which accounted for more than a quarter of first-quarter core profits, threatens its strategy of growing its digital classifieds business to offset weakness in its legacy media titles.
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Activist hedge fund Elliott Management thinks Walmart, Google or several private equity firms would be interested in acquiring eBay's marketplace business if it sheds StubHub and eBay Classifieds Group, according to a person familiar with the matter.
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"In order to achieve the optimal outcome, we believe Classifieds must be separated, and a more comprehensive and aggressive operating plan must be put in place to drive profitable growth in the core Marketplace business," Starboard said.
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The Stop Enabling Sex Traffickers Act of 983 would potentially expand criminal liability for websites like Backpage, a classifieds site that allegedly hosted ads from sex traffickers alongside ads from sex workers in its adult services section.
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The online classifieds site made the decision to eliminate all personal ads on Thursday in response to the Senate passing H.R.1865, a bill that aims to crackdown on websites which promote or facilitate online sex trafficking.
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Springer's shares have underperformed over the past year as rivals have restructured and spun off their faster-growing digital classifieds assets, leaving the publisher of the Bild tabloid trading at a discount to pure-play digital competitors.
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The German classifieds group is pushing towards the conclusion of a sale process for cars division AutoScout24, CEO Tobias Hartmann said on Wednesday, ahead of an update to investors at a capital markets day on Nov. 26.
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FRANKFURT, Aug 13 (Reuters) - German classifieds group Scout24 can cope with a higher long-term leverage ratio of up to 3.5 times core earnings to fund greater capital return to shareholders, CEO Tobias Hartmann said on Tuesday.
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SLOWDOWN HITS JOBS PORTAL Springer, headquartered in Berlin, reported a second-quarter slowdown as a weakening economy - in particular in Britain due to uncertainty over its plans to leave the European Union - hit its jobs classifieds business.
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FRANKFURT, Aug 14 (Reuters) - German publisher Axel Springer reported a decline in revenue and profits in the second quarter, as a weakening economy hit its jobs classifieds business and it invested more in long-term growth projects.
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FRANKFURT/BERLIN, Oct 9 (Reuters) - German classifieds group Scout24 has attracted interest for its autos unit AutoScout24 from used-car dealing platform Auto13 as well as from several private equity firms, people close to the matter said.
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Still, the lack of an app has left an opening for well-funded startups such as OfferUp and Letgo to try to steal market share by making product photos the main attraction in their own classifieds apps.
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BERLIN, Nov 11 (Reuters) - The classifieds business of Prosus is becoming the main shareholder in Berlin-based second-hand car trading platform Frontier Car Group (FCG), through a deal that will knit together their operations across emerging markets.
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LONDON, May 230 (LPC) - Banks have dropped a €2695bn leveraged loan financing for German online classifieds group Scout695 following a failed takeover bid, missing out on an approximate €224m fee that will further impact a depleted 224 budget.
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For more on the company, click on The Norwegian media house posted fourth-quarter revenues in line with forecasts and kept its mid to long term target for annual revenue growth of 15-20 percent in online classifieds.
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The e-commerce company said Friday that it is initiating a strategic review of its assets, including ticket sales site StubHub and the Classifieds Group, after facing pressure from activist investors to spin off or sell these properties.
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Alex Sherman Activist hedge fund Elliott Management thinks Walmart, Google or several private equity firms would be interested in acquiring eBay's marketplace business if it sheds StubHub and eBay Classifieds Group, according to a person familiar with the matter.
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Entering the hearing, lawmakers charged that Backpage actually had lost its legal privileges under Section 230 because it specifically helped promote sex-related ads on its classifieds site, a fact confirmed by the Washington Post in its own investigation.
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Pedersen knew the power of the Nickel's Worth and the classifieds section in general: He'd been placing ads in both on a near-daily basis for years, advertising that he bought all manner of old antiques, gold, and jewelry.
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I'm also hearing that there is no serious discussion of breaking up the company, even though most of the earnings come via digital classifieds rather than through the print or digital journalism for which Axel Springer is best known.
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San Jose, California-based eBay in March announced a review of its StubHub and eBay Classifieds businesses and said it would name two new directors to its board as part of an agreement to ease pressure from activist investors.
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Q1 results due The private equity houses seeking to take over the company said they now control a stake of 8.7 percent, as the clock ticked down on their tender offer to buy the car and property classifieds group.
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The Scout24 deal comes amid a broader shakeup in the European media landscape, as companies seek to realise value by carving out or merging their digital classifieds businesses that are faster growing and more profitable than their media titles.
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"As well as the RSPCA and DEFRA, we work with Pets Advertising Advisory Group (PAAG) and comply with all of their industry-endorsed standards to improve animal welfare in an ecommerce environment," said a spokesperson for the classifieds website.
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The Scout24 deal comes amid a broader shakeup in the European media landscape, as companies seek to realize value by carving out or merging their digital classifieds businesses that are faster growing and more profitable than their media titles.
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StubHub on its own could be worth between $3.5 billion and $4.5 billion, and eBay Classifieds, which has an international footprint, could be sold or spun off and worth between $8 billion and $12 billion, Elliott said last month.
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San Jose, California-based eBay announced a review of its StubHub and eBay Classifieds businesses in March and said it would appoint two new directors to its board as part of an agreement to ease pressure from activist investors.
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For more on the company, click on The Norwegian publishing firm reported second-quarter core earnings above forecast and repeated its mid to long term outlook for revenue growth of 15-20 percent in its key online classifieds business.
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He recalls the day a colleague returned to Fleet Street from a trip to the United States, carrying news of the free advertising site's booming success and the resulting decline in paid newspaper classifieds, long a revenue life force.
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Trade Me, which bills itself as New Zealand's largest and most popular auction and classifieds site, said Monday that it is halting the sale of semiautomatic weapons on its platform in response to the country's largest mass shooting in recent history.
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OSLO, Jan 9 (Reuters) - Norwegian media company Schibsted's Chief Executive Rolv Erik Ryssdal expects to make further acquisitions in online classifieds and is not threatened by competition from Facebook's Marketplace, he told Reuters on the sidelines of a conference on Tuesday.
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In its press release, Axel Springer says that Magic Leap represents a good opportunity when it comes to consuming journalistic content and classifieds in a novel way (though I'm not convinced people want to read about garage sales in augmented reality).
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Facebook has already disrupted the classifieds market with the launch of Facebook Marketplace, and with PSD2, Facebook has the possibility of becoming their own payments processor as a PISP (Payment Initiation Service Provider) and connecting to bank accounts directly through APIs.
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Badi built its platform with the aim of disrupting the older classifieds approach to room rentals, where people list rooms to rent and then have to do lots of manual legwork fielding all the calls and emails their advert receives.
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The firms originally bid A$2.2 billion to acquire Fairfax's metro newspaper and real estate classifieds unit, but now are offering A$2.76 billion for the entire company (which actually lowers the overall enterprise value a bit from the initial approach).
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Naspers said last month the e-commerce division, which excludes Tencent and houses assets such as OLX, the biggest classifieds site in India and Brazil, narrowed its core losses, or losses on the EBITDA level, by 10 percent to $615 million.
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Naspers said the deal, made through its classifieds business OLX Group, implied an enterprise value of about $3.85 billion and would boost its holding in the company from 70.4 percent to 373 percent, with Avito's co-founders holding the rest.
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FRANKFURT (Reuters) - Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity.
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BARCELONA, Nov 13 (Reuters) - German classifieds group Scout24 is pushing towards the conclusion of a sale process for cars division AutoScout24, CEO Tobias Hartmann said on Wednesday, ahead of an update to investors at a capital markets day on Nov. 26.
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Elliott said last month that StubHub on its own could be worth between $3.5 billion and $4.5 billion and eBay Classifieds, which has an international footprint, could be sold or spun off and worth between $8 billion and $12 billion.
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SAO PAULO, Dec 30 (Reuters) - Brazilian home prices rose 1 percent in the fourth quarter from a year ago, indicating a more positive outlook for homebuilders despite a harsh recession, according to a survey compiled by VivaReal, an online classifieds company.
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Alongside MultiChoice and its stake in Tencent, Naspers runs an e-commerce unit, which houses assets such as OLX, the biggest classified ads site in India and Brazil, and mobile classifieds platform Letgo, which vies with Craiglist in the United States.
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Jumia's pivot to offer its JumiaPay and classifieds services more broadly across Africa could make it a competitor in the continent's fintech space and improve its revenues versus expenses, since digital payments and ads have higher margins than B2C e-commerce.
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At the Chinese internet giant's valuation peak in January, the stake was worth over $180 billion — roughly 45 percent more than Naspers, which also owns newspapers, a Pan-African pay-TV operation and multiple online classifieds, food delivery and fintech businesses.
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OSLO, May 10 (Reuters) - Norwegian publishing firm Schibsted reported first-quarter core earnings above expectations on Wednesday and maintained its forecast of annual revenue growth of between 15 and 20 percent in online classifieds for the mid- to long-term.
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San Jose, California-based eBay announced a review of its StubHub and eBay Classifieds businesses in March and said it would name two new directors to its board as part of an agreement to ease pressure on the board from activist investors.
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The net profit result was helped by a A$1.2 billion-plus cut in expenses and a strong contribution from the Domain real estate classifieds business, which now accounts for 42 percent of the company's pretax profit and which it plans to list.
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Naspers has splurged around $4 billion since 2012 to drive growth mainly in commerce platforms that include mobile classifieds apps Letgo and OLX - the biggest classified sites in India and Brazil - but it has little to show for its investments so far.
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"Avito is the leading online classifieds player in Russia and our decision to increase our stake reflects our belief in the long-term prospects of this great business and the Russian internet market," Naspers Chief Executive Bob van Dijk said in the statement.
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"Avito is the leading online classifieds player in Russia and our decision to increase our stake reflects our belief in the long-term prospects of this great business and the Russian internet market," said Bob van Dijk, Naspers CEO, in a statement.
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Today, OLX, the online classifieds division Prosus (the digital division of Naspers that listed earlier this year in Europe) announced that it would invest up to $400 million in Frontier, in a mix of equity, secondary share acquisitions and existing business shares.
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The U.S. e-commerce company, whose shares have dropped 15 percent in the last 12 months, has offered to explore options for its StubHub ticket sales business and eBay Classifieds Group, including a sale, as Elliott has called for, the sources said.
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At some point, years in, it dawned on me that I had done classifieds in a good way, like once you put a classified ad up, it was easy to remove, which meant no one was calling you after it's removed, hopefully.
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Starboard, which first purchased eBay shares in 2018 and in early 2019 pushed for the company to sell both the classifieds business and its ticket-seller StubHub, said on Tuesday that the company would be able to grow better if the businesses were split.
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The Tencent stake is worth around $122 billion, or 17 percent more than Naspers despite the company owning other assets such as OLX, the biggest classifieds ads site in India and Brazil, and mobile classified platform letgo, which vies with Craiglist in the United States.
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BERLIN (Reuters) - The private equity houses seeking to take over Scout24 said on Tuesday they had built up a 9.69 percent stake in the company as the clock ticked down on their tender offer to buy the Germany-based car and property classifieds group.
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As with the ad for Oney Judge, these classifieds did not only include meticulous information on appearance, but also skills, personalities, mannerisms, scars from whips or brands, history of sale, and where they might flee to based on the locations of friends and family.
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Naspers has committed to invest 4.6 billion rand in the South African technology sector over the next three years, with 3.2 billion rand allocated to the development of its existing technology businesses, including classifieds business OLX, online retailer Takealot, and food delivery Mr D Food.
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KS: It boiled down to one, that's what happened, and then that one was at risk, then when Walmart came into town — it went way back — when Walmart came into town it didn't advertise locally, and all the department stores closed, and classifieds suck.
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And when I was a features reporter, I loved to do oddball quotidian stories — a woman selling her wedding dress through the classifieds, a guy buying an engagement ring on Christmas Eve, the last day of school as seen through the eyes of a specific little boy.
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He has sexed up poor black northeasterners before, in his noted project "Museu do Homem do Nordeste" ("Museum of the Man of the Northeast"), for which he created fake posters for a real ethnographic museum, featuring men he contacted through classifieds or met on the street.
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While much of the pipeline is awaiting syndication, some is comprised of potential deals in the final stages of auction processes such as a sale of German classifieds group Scout22019's autos unit AutoScout22020, which will require up to €22019m of debt financing to back a buyout.
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And when I was a features reporter, I loved to do oddball quotidian stories — a woman selling her wedding dress through the classifieds, a guy buying an engagement ring on Christmas Eve, the last day of school as seen through the eyes of a specific little boy.
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And then I got a call from a friend who had gone to this company up in Palo Alto called Classifieds 25 and I started thinking about where my behavioral habits were turning and I realized I should probably ... And this is mid to late '3803s.
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The premise was simple: Write fictionalized Craigslist ads, have local artists create a piece inspired by them, and put their work up in a gallery space alongside a screen that displayed the actual anonymous responses those ads elicited from people on the world's most popular classifieds website.
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Fairfax Media rose as much as 7.3 percent to touch a more than five-week high after a consortium led by U.S. private equity firm TPG Capital made a A$2.2 billion ($1.63 billion) proposal to buy the media group's metropolitan newspapers and Domain real estate classifieds unit.
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As well as a one third stake in China's Tencent, which is worth around $134 billion, Naspers - via its e-commerce business - also owns stakes in OLX, the biggest classifieds ads site in India and Brazil, and mobile classified platform letgo, which vies with Craiglist in the United States.
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This year also saw the popular classifieds site Backpage shutter its adult section, one of the results of the passage of FOSTA-SESTA — a controversial set of laws that purports to protect sex workers but dismantles the internet's longstanding status as a safer place to advertise and conduct business.
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Why it matters: Private equity firms have avoided mass-market print media for a while now, but TPG is betting that the value of Fairfax's online real estate classifieds business (called Domain) is worth taking on not just the big metro dailies, but also a mishmash of smaller, regional papers.
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SYDNEY, May 8 (Reuters) - A consortium led by U.S. private equity firm TPG Capital made an indicative proposal on Friday to acquire Fairfax Media Ltd's metropolitan newspapers and Domain real estate classifieds unit for cash, the CEO of the Australian media firm said in a memo to staff on Sunday evening.
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Again, the tech industry has real problems — but the fact that it has devoured the advertising and classifieds income that long propped up the media seems to have caused otherwise sober and thoughtful journalists to instinctively knee-jerk blame it for every ill, while letting their actual architects off lightly.
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One of the reasons that the two are merging, our sources tell us, is to compete better against both the big incumbent players, but also the wave of other upstarts in this market that are capitalising on the fact that the biggest online classifieds company, Craigslist, has been very slow to innovate.
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Amazon turned Best Buy into a warehouse where people go to try out cameras before they walk out empty handed and buy them online; iTunes murdered Tower Records; Craigslist kidnapped the classifieds section of every newspaper in the country; YouTube staged a heist of every VHS in the America's Funniest Home Videos vault.
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Pet owners' insatiable desire for designer puppies like pugs, bulldogs, and French bulldogs is driving a £2000 million puppy black market in the UK. There aren't enough of the popular pups being born here every year, so people turn to online classifieds sites like Gumtree, where they can buy a dog instantly.
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In 2018, losses will be further reduced * maintains ambition to engage in targeted m&a activities, and will continue to focus on value creative bolt-on acquisitions and in-market consolidation within online classifieds * schibsted has initiated a strategic review of personal finance operations, including lendo Source text for Eikon: Further company coverage: (Reporting By Camilla Knudsen)
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As eBay gets increasing pressure from activist shareholders like Elliott Management and Starboard to reform its business and turn it into a high-growth tech stock by overhauling its main Marketplace, refreshing management and rethinking its other businesses like StubHub and classifieds, the e-commerce platform delivered a set of Q4 results that were solid if a little lacklustre.
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Of the traditional media companies that have committed to corporate venturing, there are two distinct strategies: those whose investing seems to be about replacing the historic classifieds section of newspapers and diversifying into a range of consumer-facing marketplaces, and those whose investing is concentrated on capturing an early glimpse (and early equity stake) in startups reshaping media.
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For its part, Naspers is finding a number of ways to buffer itself, including, most notably, carving out a new holding company called Prosus NV that's due to list in Amsterdam this week and that features Nasper's stakes in the online classifieds business OLX, the Craigslist competitor Letgo, as well as Nasper's massive piece of Tencent.
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Dating through the classifieds (the film is ostensibly set in 1982), she's looking for a hot dress, and she finds one, a red number, at D & S. She buys it despite the ultra-baroque sales pitch of a clerk, who's dressed, like all her colleagues, as if she stepped out of a Velásquez rendition of a funeral.
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We've asked the question before (more than once, in fact), and it looks like it may be in order again: 5miles, an app developed in China but being rolled out in the U.S. first as a quick way for people to list and buy items locally, has raised $30 million in funding to beat the classifieds leader at its own game.
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Prior to that, the business of news had gone through a series of catastrophes — Craig Newmark had killed classifieds, the lifeblood of newspaper funding; the pre-paywall transition from print to digital had largely been completed, which meant subscription numbers were dropping in both arenas; and Google and Facebook had captured and cannibalized the digital advertising market, which would soon overtake its traditional counterparts.
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In 2018, losses will be further reduced * maintains ambition to engage in targeted m&a activities, and will continue to focus on value creative bolt-on acquisitions and in-market consolidation within online classifieds * schibsted has initiated a strategic review of personal finance operations, including Lendo * Chairman Ole Jacob Sunde said in his opening remarks at the presentation in Barcelona that there are two issues he would try to pay attention to * The first is execution: Why reorganise again?
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Consolidation is afoot in the online classifieds space as two popular startups born in Barcelona are in advanced talks to merge operations in the U.S.. Wallapop and LetGo — which both provide platforms for consumers to post used items for sale and negotiate the sales offline — are combining their operations in the U.S. to scale up in competition against the likes of large incumbents like Craigslist and eBay, but also newer entrants into the same space, such as OfferUp, 5miles and Facebook's Marketplace.
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