Thursday, May 21, 2015

Controversial super entrepreneur behind the offer for TradeDoubler – Swedish Dagbladet

His career has indeed been rapid upward since the Indian-American Gurbaksh Chahal founded his first company at age 16. Less than two years later, he sold according to its information the company for $ 40 million to ValueClick and thereby laid the foundation for a sizable fortune.

One other companies was started in 2004, within three years although it was sold. The time was the buyer Yahoo! and total $ 300 million.

Also Radium One, the third company, made a quick trip up and prepared last year for an IPO. Gurbaksh Chahal hardline style – by some in the American media called naturally aggressive, other bullying – punishing himself since he was accused of assaulting his girlfriend at home.

A surveillance video , which according the prosecutor showed an “eerie picture” of how, according Gurbaksh Chahal was a quarrel, gone to were not used as evidence when the police secured the film without permission, says, among others, the SF Examiner, and The Wall Street Journal.

Since girlfriend had not cooperated with the police was offered and accepted Gurbaksh Chahal according to Forbes a deal that meant he pled guilty to lesser offenses and thus escaped a severe punishment.

The Board of Radium One, however, had had enough and kicked the founder of the company. Since then he, as the site TechCrunch says, revenge desirous bid on Radium One to unknown price, a bid that is said later to have been increased by 25 percent.

While Gurbaksh Chahal tried to take control of his previous company, however, he started a new one, it Gravity4 which thus shown interest Tradedoubler.

Gravity4 was founded as late as July 2014, and is therefore not even a year old. The company has made a series of acquisitions, most recently Uppsala-based adX Search.

The offer for TradeDoubler would, if passed through, having become the tenth acquisition in as many months.

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