DoneDeal is a household name in Ireland
DoneDeal, Ireland’s largest classified ads website, has sold majority stakeholding to Norwegian firm Schibsted Media Group. Schibsted has acquired a 50.09% stake in DoneDeal with financial arrangements remaining undisclosed.
DoneDeal is one of Ireland’s great indigenous success stories. The company was founded in 2005 by Fred and Geraldine Karlsson and has grown phenomenally ever since. The fiscal year ending April 2011 reveals revenues of just over €3 million and a business that is growing by 124% each year.
DoneDeal receives over two million unique visitors each month, posting some 85,000 new items in a similar period.
Fred Karlsson will continue to manage the company and retain a major shareholding. It is understood that all ten staff members currently based in Wexford will continue their employment.
Fred Karlsson stated that the deal would “better service and experience” for customers and would help bring the website “to the next level of growth” that they aspire to.
Article by Luis X Barrios, CEO of Arkangeles For far too long, venture capital has…
The World Economic Forum (WEF) deletes a session entitled, "Valuing Nature's Assets," from its Sustainable…
The theme of the 2024 Horasis India Meeting is cooperation, impact investing, and sustainable growth…
World leaders gather on the UN Summit of the Future Global Call to advocate for…
Image via: Freepik When an entire nation devotes its attention to Vice President Kamala Harris…
World Economic Forum (WEF) founder Klaus Schwab says that the world is undergoing profound systemic…