French Blog Platform Skyrock.com's Sale Hampered By Crunch?
This story was written by Robert Andrews.
French teen blog platform Skyrock.com still hasn't found a buyer after putting itself up for sale in June, and the CEO admits the current economic situation may hamper the plan. Pierre Bellanger told me: "We haven't changed our mind about the pertinence of an industrial integration. It will occur certainly, but maybe delayed by the present period of freeze."
The outfit, sister to a radio station of the same name, has become easily the most popular social networking destination in France, but Bellanger had hoped to divest the online arm to finance it for international expansion outside. He said: "The dark days we are heading for will enlighten the profitability of our economic model and will concentrate the market to a handful of players among, which we are. We want to use that period to grow and reinforce ourselves particularly in mobile telephony, where we are already strong." More at PCUK
By Robert Andrews