Yahoo has been rumored to be selling Paris-based comparative shopping site Kelkoo for some time now, and it appears that they have found a buyer. Yahoo acquired Kelkoo in 2004 for €475 million.
The company has been sold to a UK-based private equity firm called Jamplant Ltd (update: here is a profile of the fund) for something less than €100 million, according to sources with knowledge of the deal.
Ex-Kelkoo CEO Pierre Chappaz announced the news on his blog (in french), and a copy of the internal email announcing the acquisition is below.
The company has lost much of its momentum since the Yahoo acquisition in the face of significant competition.
Filed under: Comparison shopping, Funding & acquisitions | Tagged: jamplant, Kelkoo, Yahoo! | 1 Comment »
