Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


sbiddle

30853 posts

Uber Geek

Retired Mod
Trusted
Biddle Corp
Lifetime subscriber

#6941 6-Mar-2006 08:54
Send private message

Just heard on the news that Trademe has been sold to Fairfax for $700 million..


View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2
freitasm
BDFL - Memuneh
79253 posts

Uber Geek

Administrator
ID Verified
Trusted
Geekzone
Lifetime subscriber

#29963 6-Mar-2006 08:57
Send private message

Yes, when in business you always have an exit strategy. In Internet businesses it seems the most common exit strategy is "Sell".





Please support Geekzone by subscribing, or using one of our referral links: Samsung | AliExpress | Wise | Sharesies | Hatch | GoodSyncBackblaze backup




tonyhughes
Hawkes Bay
8476 posts

Uber Geek

Retired Mod
Trusted
Lifetime subscriber

#29965 6-Mar-2006 09:07
Send private message

How long till they snap GZ up......... ?
(Is that a goal at all?)







Jama
1420 posts

Uber Geek

Trusted

#29966 6-Mar-2006 09:10
Send private message

Not bad for a business started in 1999. $700M is probably 6 times earnings. That would make Mr Morgan one of NZ's richest people.



freitasm
BDFL - Memuneh
79253 posts

Uber Geek

Administrator
ID Verified
Trusted
Geekzone
Lifetime subscriber

#29969 6-Mar-2006 09:14
Send private message

Interestingly enough someone asked other day about about buying GZ. And I said that yes, everything is for sale.

But the price tag is not for everyone. And with the Geekzone Blogs (Beta) coming out now, the price just went up another notch.


[Moderator edit: repaired link - darn newbies... ]





Please support Geekzone by subscribing, or using one of our referral links: Samsung | AliExpress | Wise | Sharesies | Hatch | GoodSyncBackblaze backup


sbiddle

30853 posts

Uber Geek

Retired Mod
Trusted
Biddle Corp
Lifetime subscriber

  #29971 6-Mar-2006 09:20
Send private message

Now that Trademe is part of a publically listed company it will be interesting to see what results are made public and how much of a cash cow it really is!


freitasm
BDFL - Memuneh
79253 posts

Uber Geek

Administrator
ID Verified
Trusted
Geekzone
Lifetime subscriber

#29987 6-Mar-2006 11:59
Send private message

Nigel Parker posted an insight on Trademe sale on his blog (and even lists Geekzone).





Please support Geekzone by subscribing, or using one of our referral links: Samsung | AliExpress | Wise | Sharesies | Hatch | GoodSyncBackblaze backup


johnr
19282 posts

Uber Geek
Inactive user


#29988 6-Mar-2006 12:05
Send private message

Xtra is on the list I wonder if this is because most computers are sold set to the Xtra home page in IE and people don't know how to change this. I have worked on so many PCs and changed the home page for customers and they have gone WOW amazing how can you change that, and when logging out of hotmail you are directed to the Xtra home page.


 
 
 

Cloud spending continues to surge globally, but most organisations haven’t made the changes necessary to maximise the value and cost-efficiency benefits of their cloud investments. Download the whitepaper From Overspend to Advantage now.
sbiddle

30853 posts

Uber Geek

Retired Mod
Trusted
Biddle Corp
Lifetime subscriber

  #29990 6-Mar-2006 12:27
Send private message

freitasm: Interestingly enough someone asked other day about about buying GZ. And I said that yes, everything is for sale.

But the price tag is not for everyone. And with the Geekzone Blogs (Beta) coming out now, the price just went up another notch.



Hope you're gonna shout us all when you accept that $100 million offer! :-)


freitasm
BDFL - Memuneh
79253 posts

Uber Geek

Administrator
ID Verified
Trusted
Geekzone
Lifetime subscriber

#29993 6-Mar-2006 12:57
Send private message

$100 million? Wow...





Please support Geekzone by subscribing, or using one of our referral links: Samsung | AliExpress | Wise | Sharesies | Hatch | GoodSyncBackblaze backup


freitasm
BDFL - Memuneh
79253 posts

Uber Geek

Administrator
ID Verified
Trusted
Geekzone
Lifetime subscriber

#29994 6-Mar-2006 13:13
Send private message

By the way, I wonder if they placed bids until it reached the Reserve Price, of it was a Buy Now auction.

And what will be the Trademe Success Fee on this one?




Please support Geekzone by subscribing, or using one of our referral links: Samsung | AliExpress | Wise | Sharesies | Hatch | GoodSyncBackblaze backup


Jama
1420 posts

Uber Geek

Trusted

#29998 6-Mar-2006 14:03
Send private message

According to the companies office.

There are 194,730 shares, which means a value of approx $3595 p/share
Sam Morgan has 63,171 shares do the math on that one...

sbiddle

30853 posts

Uber Geek

Retired Mod
Trusted
Biddle Corp
Lifetime subscriber

  #30004 6-Mar-2006 15:55
Send private message

Jama: According to the companies office.

There are 194,730 shares, which means a value of approx $3595 p/share
Sam Morgan has 63,171 shares do the math on that one...


Was that including or excluding the extra $50 million bonus if they reach their targets for the next 2 years?

It would be great to see him set up some form of trust for IT projects and give some of that back to the community.

tonyhughes
Hawkes Bay
8476 posts

Uber Geek

Retired Mod
Trusted
Lifetime subscriber

  #30010 6-Mar-2006 16:14
Send private message

sbiddle: It would be great to see him set up some form of trust for IT projects and give some of that back to the community.

If he plays his cards right he could go down in the history books for more than just making a snotload of ca$h.

I agree - it would be nice if he used a small amount of that money to put towards community/education uses in the IT sector.

I guess Sam Morgan has a lot on his plate, and more friends than he can shake a stick at.

Personally I think he should register at Geekzone, and hang out with us. I dont want your money Sam - I want your motivation!







paradoxsm
3000 posts

Uber Geek

Trusted

#30026 6-Mar-2006 19:37
Send private message
freitasm
BDFL - Memuneh
79253 posts

Uber Geek

Administrator
ID Verified
Trusted
Geekzone
Lifetime subscriber

#30027 6-Mar-2006 19:42
Send private message

I like this bit in the ad banners auction:

"This is the first online auction of Internet Advertising space on Trade Me. Trade Me currently averages 250 unique visitors every day. This is up from 150 about 10 days ago!!! The site is growing strongly and as an advertiser you can expect at least 3500 unique visitors to see your advertisement. "






Please support Geekzone by subscribing, or using one of our referral links: Samsung | AliExpress | Wise | Sharesies | Hatch | GoodSyncBackblaze backup


 1 | 2
View this topic in a long page with up to 500 replies per page Create new topic





News and reviews »

Air New Zealand Starts AI adoption with OpenAI
Posted 24-Jul-2025 16:00


eero Pro 7 Review
Posted 23-Jul-2025 12:07


BeeStation Plus Review
Posted 21-Jul-2025 14:21


eero Unveils New Wi-Fi 7 Products in New Zealand
Posted 21-Jul-2025 00:01


WiZ Introduces HDMI Sync Box and other Light Devices
Posted 20-Jul-2025 17:32


RedShield Enhances DDoS and Bot Attack Protection
Posted 20-Jul-2025 17:26


Seagate Ships 30TB Drives
Posted 17-Jul-2025 11:24


Oclean AirPump A10 Water Flosser Review
Posted 13-Jul-2025 11:05


Samsung Galaxy Z Fold7: Raising the Bar for Smartphones
Posted 10-Jul-2025 02:01


Samsung Galaxy Z Flip7 Brings New Edge-To-Edge FlexWindow
Posted 10-Jul-2025 02:01


Epson Launches New AM-C550Z WorkForce Enterprise printer
Posted 9-Jul-2025 18:22


Samsung Releases Smart Monitor M9
Posted 9-Jul-2025 17:46


Nearly Half of Older Kiwis Still Write their Passwords on Paper
Posted 9-Jul-2025 08:42


D-Link 4G+ Cat6 Wi-Fi 6 DWR-933M Mobile Hotspot Review
Posted 1-Jul-2025 11:34


Oppo A5 Series Launches With New Levels of Durability
Posted 30-Jun-2025 10:15









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.