Yahoo offloads bargain shopping site Kelkoo
Yahoo has announced the sale of Kelkoo, its European comparison-shopping site, to English private equity firm Jamplant. While financial details of the deal were not disclosed, Kelkoo founder and former chief executive Pierre Chappaz wrote on his blog that the subsidiary went for less than $125 million, a major dip from the $576 million Yahoo initially paid for it in 2004.
Some have suggested that this is the first post-Jerry Yang move Yahoo has made to… Continue Reading