The proposed acquisition of the French real estate portal SeLoger by Axel Springer AG (a major german media company) threatens to become a bidding race. A few days after the offer of Axel Springer, a big Australian investment-fonds has invested in the French internet company. The Australian fonds named Caledonia just acquired 10% of the shares. Originally Axel Springer wanted to pay round about 500 million € for the SeLoger-acquisition. The German Media Company already owns 12,4% of the french real estate website. In addition to the new investor Caledonia, there also seems to be other companies that are interested in SeLoger (the newspaper “Le Figaro” and the French company “Lagardere”). The Paris-based SeLoger has over the years developed into a very profitable online-business within the real estate-market.
Now it’s official: BuyVip, the spanish shopping community, was bought by Amazon. Accourding to Greg Greeley, (Vice President European Retail at Amazon) the site is an excellent addition to the existing european business from Amazon. The purchase price was not announced but there are rumors about a sum close to 70 million €. BuyVip claims to have more than six million members. The company operates in Spain, Italy, Germany, Austria, the Netherlands and in Portugal. Just in April of the last year BuyVip received a capital injection of 14.9 million €.