LeGuide.com Group : LeGuide.com announces successful closing of Ciao acquisition

Press release Paris, March 19(th) 2012 LeGuide.com announces successful closing of Ciao acquisition LeGuide.com announces today the closing of European shopping guide acquisition. This announcement follows a purchase agreement that was signed with Microsoft December 20(th) 2011. With this acquisition, LeGuide.com becomes the European leader of shopping guides...

Press release

Paris, March 19^th 2012

 

 

 

LeGuide.com announces successful closing

of Ciao acquisition  

 

 

LeGuide.com announces today the closing of European shopping guide acquisition. This announcement follows a purchase agreement that was signed with Microsoft December 20^th 2011. With this acquisition, LeGuide.com becomes the European leader of shopping guides.

 

 

 

 

 

With an audience of 16.8 Million Unique Visitors for LeGuide.com and 19.1 Million of Unique Visitors for Ciao, LeGuide.com becomes the European leader of shopping guides with a unique total unduplicated audience of 31.8 Million Unique Visitors.

 

 

Corinne Lejbowicz, Chairman of LeGuide.com group declares: "We are delighted to have finalised this acquisition. It represents a considerable step forward in our development strategy. Our new company profile provides us a powerful and unique position on the European market in addition of having a strong European brand. Our objective is to combine the two organisations' expertise and technologies. We are focused on helping online shoppers make wise online purchase decisions and provide e-merchants increased sales and awareness opportunities, concludes Corinne Lejbowicz."

 

 

Terms of the acquisition

 

This acquisition subject to strict confidentiality agreements, has entirely been realised in cash and without debt.

 

 

 

 

About LeGuide.com Group

LeGuide.com Group, a publisher of online shopping guides, comparison websites, shopping search engines and platforms for consumer ratings, has a total audience of 16.8  Million Unique Visitors. LeGuide.com is present in 14 European countries through a multi-site strategy surrounding a brand portfolio, including leguide.com, dooyoo.com, mercamania.com and antag.com. The group that lists 164 million offers from 74 500 e-merchants has generated EUR28.2 million in revenue in its 2011 financial year.  LeGuide.com has been certified as an "Innovative company" by OSEO (a French public agency that supports SMEs) and is listed on the Alternext board of NYSE Euronext Paris (ticker: ALGUI; ISIN code: FR0010146092).

 

 

* source : Comscore, January 2012

 

 

 

For more information: www.leguide.com/finance

[1] Comscore Audience January 2012

Copyright Thomson Reuters

Attachment(s)
http://hugin.info/151397/R/1595124/502286.pdf


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: %s via Thomson Reuters ONE


[HUG#1595124]