So much to pay Schibsted for Servicefinder – Today’s Media

up to DATE. Already in 2011 bought Schisbted Sweden 70 per cent stake in the company Servicefinder – now Schibsted acquired the rest. According to information available to Breakit has Schibsted bought out the Servicefinder-the founders of a score of 300-320 million.

five years ago acquired Schisbted Sweden 70 per cent of the shares in the company, Servicefinder, is now buying Schibsted up the rest of the shares in the company.

– It is a natural step for Schibsted to acquire the whole of the Servicefinder. There is much growth in the enterprise and now we are going to develop the business even more. I also see major opportunities to cooperate closer with other companies in the schibsted group. In this way we can make it even easier for individuals and businesses to buy and sell services, ” says Martin Frey, Business Area Manager at Schibsted Marketplaces in a press release.

What the purchase price lands on not disclosed in the press release – but according to data to Breakit has Schibsted bought out the Servicefinder-the founders of a score of 300-320 million. Which means 10 times the annual profit.

It would mean that the company’s three co-founders Jeffrey Singh, Vishal Nanda and Aleksandar Goga in the day to get share of sek 90 million.

Vishal Nanda, co-founder and marketing manager at Servicefinder, has not wanted to comment on Breakits data.

the Founders will work left on the Servicefinder for a överlämningsperiod before a new management is appointed.

the Recruitment of a new ceo will begin immediately. Meanwhile, Sofia Krook in as acting president, seconded by Schibsted Sales & Inventory (SSI). Sofia Krook sits to this day in the board of directors for Servicefinder.

” We have been with since the start, so of course it is with some sadness we leave the company, but we are at the same time very satisfied with the deal. We are convinced that Schibsted is the right owner for the long term and that there is great potential to develop the business further within Schibsted’s ecosystem, ” says Vishal Nanda, marketing manager at Servicefinder, in a press release.

Servicefinder started operations in 2006 and has ten years later conveyed over 400 000 assignments with a total value of eight billion kronor, according to the company themselves.

today, Servicefinder 40 employees in Stockholm, Gothenburg, Helsingborg and Örebro.