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Singapore Press Holdings just spent another S$60m.

waterloong

Alfrescian
Loyal
leongsam, when is SPH buying over Sammyboy? Do you value Sammyboy more than $60m?

http://www.businesstimes.com.sg/breaking-news/singapore/sph-buys-sgcarmart-20130401

Singapore Press Holdings (SPH) today entered into a sale and purchase agreement to buy online car portal sgCarMart for up to S$60 million.

The deal includes sgCarMart's online vehicle classifieds site, car auction platform, online marketing site as well as its service provider for car loans, insurance and settlement services.

SPH, which owns online car portal STCars, will pay for the acquisition wholly in cash.

SPH shares ended today 4 cents down at $4.44.
 

God Meng Seng

Alfrescian
Loyal
leongsam, when is SPH buying over Sammyboy? Do you value Sammyboy more than $60m?

http://www.businesstimes.com.sg/breaking-news/singapore/sph-buys-sgcarmart-20130401

Singapore Press Holdings (SPH) today entered into a sale and purchase agreement to buy online car portal sgCarMart for up to S$60 million.

The deal includes sgCarMart's online vehicle classifieds site, car auction platform, online marketing site as well as its service provider for car loans, insurance and settlement services.

SPH, which owns online car portal STCars, will pay for the acquisition wholly in cash.

SPH shares ended today 4 cents down at $4.44.


Looks like my pet snake is back in another form.

I can hear him slithering around.

Waiting for SDP IB and other lamers to zap me as usual.
 

BuiKia

Alfrescian (InfP)
Generous Asset
SPH will buy this forum only to close it down so that there will be less people wacking their papers.
 

Confuseous

Alfrescian (Inf)
Asset
SPH waving the white flag. Losing business to SGCarmart, started their own online. Still flop. So take over. This site will go the way of HUNGRYGOWHERE - useless and fewer users, once it was sold to SPH with the cumbersome organisational red tape.
 

cheekenpie

Alfrescian
Loyal
4 4 4 4 ..... omen

leongsam, when is SPH buying over Sammyboy? Do you value Sammyboy more than $60m?

http://www.businesstimes.com.sg/breaking-news/singapore/sph-buys-sgcarmart-20130401

Singapore Press Holdings (SPH) today entered into a sale and purchase agreement to buy online car portal sgCarMart for up to S$60 million.

The deal includes sgCarMart's online vehicle classifieds site, car auction platform, online marketing site as well as its service provider for car loans, insurance and settlement services.

SPH, which owns online car portal STCars, will pay for the acquisition wholly in cash.

SPH shares ended today 4 cents down at $4.44.
 

laksaboy

Alfrescian (Inf)
Asset
SPH waving the white flag. Losing business to SGCarmart, started their own online. Still flop. So take over. This site will go the way of HUNGRYGOWHERE - useless and fewer users, once it was sold to SPH with the cumbersome organisational red tape.

Sounds exactly like how Microsoft is doing its business. It couldn't compete, so it resorted to forking out money to acquire the rivals.

And once acquired, those subsidiaries inevitably turn to shit. For example, Skype, Yammer, aQuantive.
 

hotbot

Alfrescian
Loyal
they just want to control, from fuckwarezone to sgcarmart, guess who..?

i won;t be surprised to find out that one day, sammyboy is hosted on one of their server.:rolleyes:
 
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