Game Group Raises Profit Forecast After Christmas Sales Gain on Wii Demand Jan 15, 2008
Before today, they had added 77 percent in the past year, more than any company in the 20-member FTSE 350 General Retailers Index except Tradus Plc, the Web auctioneer formerly called QXL Ricardo. The benchmark has dropped 38 percent. (Bloomberg -- UK)
Naspers to acquire auctioneer Tradus Dec 19, 2007
Tradus, formerly QXL Ricardo, operates in 11 European countries including Poland, Hungary and Slovakia, according to its website. Naspers has been expanding in countries including Poland and Russia to make up for slower growth at home, where rising interest rates are crimping advertising revenue. (India Times)
Tradus agrees to be bought by Naspers Dec 19, 2007
London-based Tradus, formerly known as QXL Ricardo, was founded in 1997 by Financial Times journalist Tim Jackson. Tradus shares rose 12 percent to 1,815 pence ($36. (Herald Online, SC -- Technology)
Naspers of South Africa moves into East Europe with acquisition of Tradus Dec 19, 2007
Tradus, founded in 1997 as QXL Ricardo by Tim Jackson, a former journalist for The Financial Times, is a survivor of the collapse of the technology industry in the United States and Europe at the turn of the century. Today in Technology & Media. (International Herald Tribune)
Platinum boosts JSE Dec 19, 2007
Naspers and Tradus plc formerly QXL ricardo plc said on Tuesday that they have reached agreement on the terms of a recommended cash offer to be made by Naspers subsidiary Myriad International Holdings B.V. for the entire issued and to be issued share capital of Tradus at 18 a share. Elsewhere, in the telecommunications sector, fixed-line operator Telkom slipped 2. (iAfrica.com)
Naspers' 946m bid agreed by Tradus Dec 19, 2007
Tradus, previously known as QXL Ricardo, has backed an 18-a-share offer from Africa's largest media company, the owner of the Daily Sun newspaper and the pay-TV firm Multichoice, as part of its strategy for internet expansion. The deal represents a 19 per cent premium on Tradus's price of 1,510p a share, when the company first announced it was in takeover discussions on 6 November, and comes amid a renewed interest in online companies. (Independent)
Naspers buys Tradus Dec 18, 2007
Naspers and Tradus, formerly QXL Ricardo Plc, had agreed on the cash offer to be made by Myriad International Holdings B.V., a unit of Naspers, the companies said in a statement. Tradus will consolidate the group's presence in Poland and provide a platform to extend its reach to the other central European and eastern European markets, Naspers said. (International Herald Tribune)
Naspers poised to buy auctioneer Tradus Dec 17, 2007
Naspers, the South African media conglomerate, is understood to be close to agreeing a 17-a-share offer to buy Tradus, the online auctioneer formerly known as QXL Ricardo, in a deal that values the company at nearly 800 million. If the sale of the group goes ahead, the local managers of Tradus s operations in Poland are set to reap a 45 million windfall. (Times Online)
Warner Bros builds games business with Lego Star Wars group Nov 9, 2007
"They are a great fit for us and the right next step for Warner Bros as we grow into a significant presence in the games space. Warner Bros will use TT Games to develop games from its portfolio of media assets. That move could come as a blow to SCi, the beleaguered British developer behind Lara Croft, in which Time Warner, the Warner Bros parent company, holds a 10 per cent stake. SCi holds contracts to develop games for Warner assets, including Batman and Looney Tunes. The growing attraction of... (Times Online)
ebay tipped as suitor in bid approach for QXL Ricardo Nov 8, 2007
EBay, the American online auction group, may be the mystery bidder behind a possible takeover of its smaller UK rival and dot-com survivor QXL Ricardo, which yesterday confirmed it had received a bid approach. Shares in QXL Ricardo rose 10 ... 1 billion in profits, would be interested in QXL Ricardo s Eastern European business. (Times Online)
Rio Tinto and BHP gain amid bid talk Nov 7, 2007
Talk that eBay might be eyeing QXL Ricardo, the online auctioneer, helped it jump to 120p to 15. 10. (Times Online)
Bids for mid-market companies are back Oct 21, 2007
Having lost the battle to eBay in the main European markets, Quixell was reborn a few years ago as QXL Ricardo with a focus on Eastern Europe's emerging economies. It is now chasing Polish zlotys rather than pounds. (Telegraph.co.uk)
DSG is scarcely electrifying and may cause nasty shock Oct 20, 2007
For investors who best remember QXL Ricardo as the British answer to eBay that became enmeshed in a lengthy legal wrangle in Poland, that performance might come as a shock. But QXL has long since resolved those difficulties and is now the dominant internet auction site operator in Eastern Europe, from where it draws three quarters of its sales. (Times Online)
Polish trading site lifts QXL Ricardo's profit May 17, 2007
Polish trading site lifts QXL Ricardo's profit ... LONDON, May 16 (Reuters) - British-based internet auction company QXL Ricardo Plc (QXL.L: , ) posted a 67 percent jump in annual trading profit on Wednesday as strong demand for shoes and jewellery boosted business on its Polish trading site. (Reuters.uk)
Tata, CSN may announce revised bids by mid-Jan Jan 2, 2007
Jones said the auction for Corus deal could be similar to one used for acquisition of an online auction firm QXL Ricardo Plc in 2005, to resolve a takeover battle between Tiger Acquisition Corp backed by a US private equity fund, which was advised by Richards Butler, and Florissant, an acquisition vehicle backed by a Norwegian private equity fund. In the QXL Ricardo case, the panel had announced the terms and conditions of the auction process three days before the start of the exercise. (Daily News & Analysis)
