Yahoo Sells Off European Comparison Shopping Site Kelkoo To PE Firm
This story was written by Robert Andrews.
Yahoo (NSDQ: YHOO), which has been trying to sell off its European comparison shopping service Kelkoo for a while now, has finally found a buyer, according to a report: it has been sold to a UK-based private equity firm called Jamplant, for something less than Euro 100 million. Yahoo bought the service in 2004 for a price then of about $575 million. Also, the ec-CEo of Kelkoo Pierre Chappaz wrote about the deal (in French) on his blog
Robert adds: Yahoo UK confirmed the sell off to us; more details coming soon
By Robert Andrews