Posted on August 31st, 2008 by dhirender
Microsoft has agreed to buy Greenfield Online, owner of popular European price comparison website ciao.com, for about $486 million to boost its Internet search and e-commerce business in Europe. Ciao.com is active in seven European countries and attracts 19.6 million unique visitors per month in Europe, more than twice as many as rival kelkoo.com, according [...]
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Posted on August 30th, 2008 by dhirender
Sulekha.com, the local classified advertisements and yellow pages portal, has now expanded its presence to 20 Tier II and Tier III cities. Earlier, it was offering its services in eight metros, including Delhi, Mumbai, Kolkata and Chennai. The new cities the website will now cover include Agra, Amritsar, Chandigarh, Kochi, Coimbatore, Goa, Indore, Jaipur, Jalandhar, [...]
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Posted on August 29th, 2008 by dhirender
“We have projected to have a revenue of $4-5 million within next 12 months and majority of it will be coming from advertisements,” says BigAdda.Com COO Shivanandan Pare. “We are reaching out to 40 million internet users in the country, and with us going on to mobile platform, we will be able to reach to [...]
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Posted on August 29th, 2008 by dhirender
MIH, the investment arm of the South African media conglomerate, Naspers, has invested $10 million in the Singapore based mobile content and services company, BuzzCity. BuzzCity’s key product is myGamma, a mobile social network, which has more than six lakh members from India. BuzzCity plans to utilise the funds to increase the market share and [...]
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Posted on August 28th, 2008 by dhirender
The online banner advertisement market is expected to jump 40% to reach Rs. 350 crores by 2008-09 from its current size of Rs 235 crores [2007-08] according to Online Banner Advertisement in India, a study released by the Internet and Mobile Association [IAMAI] and IMRB. BFSI, online industry and ITES with a share of 25%, [...]
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Posted on August 28th, 2008 by dhirender
In the US this year, advertisers will spend $40 million to reach a business audience on online social networks, and that is just the beginning. According to eMarketer projections, that ad spending will reach $210 million in 2012. Social networks with a business twist are getting their place in the sun – take LinkedIn for [...]
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