SPH buys sgCarMart for S$60 million

[Calvin79]

Last time SPH bought HWZ for only 7 million, didn't know that MCF + SGCM can worth 9 times more than HWZ!!

 

HWZ sells mainly gadgets...

SGCM sells cars...

 

hehehehe so maybe thats how they decided on 60 mill...

[Leslielai]

Last time SPH bought HWZ for only 7 million, didn't know that MCF + SGCM can worth 9 times more than HWZ!!

 

 

HWZ, while boasting of a huge members database, was (probably still is) filled with kids with little or no real purchasing power.

 

MCF, on the other hand, is slightly different.

 

But $60 million... still sounds rather incredible an amount to pay for a primitive web directory of cars.

[PorkChong]

bad investment.would took more than 10years min to recover.many things can happen in 10years.but that's nothing compared to tens of billions lost by temasick.

Edited April 2, 2013 by PorkChong

[Vhtfhwlego]

Radx,

set up another car forum....all bros here will jump ship. 10yrs later sell to SPH

Radx's forum, itstimetosleepforever.com

[Mcf777]

Incl the bloody troublemakers

 

10yrs S$60,000,000. can la. treat them like dead people lor.

[Rogersk8ter]

wah $60mil for a car portal?

 

so how much sammybox sex forum worth?

 

just think.....you need sex more or you need car more...

[Acemundo]

10yrs S$60,000,000. can la. treat them like dead people lor.

 

funny, you all think radx can start a new website to sell for $60m 10 years later?

[Maseratigood]

You have one whole department of people making mistakes?!

To be more precise:-

One whole department of honest people.

 

 

They make honest mistakes

[Leslielai]

To be more precise:-

One whole department of honest people.

 

 

They make honest mistakes

 

[laugh]

 

Let's move on..... to our next mistake!

 

[Viceroymenthol]

$60m.

 

After the VC's share, the remainder split among several founders and remaining shareholders.

 

Each individual gets how much?

 

Enough to buy condo or not?

[Lala81]

$60m.

 

After the VC's share, the remainder split among several founders and remaining shareholders.

 

Each individual gets how much?

 

Enough to buy condo or not?

 

even if got 1 mil payout each. if u were them, u will hiam meh?

not say SGcarmart sell 2nd hand cars for entire SEA

Edited April 2, 2013 by Lala81

[Leslielai]

wah $60mil for a car portal?

 

so how much sammybox sex forum worth?

 

just think.....you need sex more or you need car more...

 

It's hardly a portal. Just a directory.

 

As for your question... would think it is quite a corporate finance nightmare so unlikely that any deals can be struck

[Jman888]

It's hardly a portal. Just a directory.

 

As for your question... would think it is quite a corporate finance nightmare so unlikely that any deals can be struck

 

 

it is better to over-value, seller happy, buyer will also find all ways to justify

[Enye]

i thought 3 owners....

 

each 20M?

 

huat ah!

[Adrianli]

i thought 3 owners....

 

each 20M?

 

huat ah!

 

Ya, its three guys. From wiki :

 

sgCarMart is an online automotive website in Singapore that was incorporated in 2004. The website was started by Tan Jing Lun, Vincent Tan and Henry Seah. when they found that existing car classifieds websites provided limited information to users. Since then, it has won for itself three prestigious awards

[Mllcg]

its a april fool's joke?

Edited April 2, 2013 by Mllcg

[Mcf777]

does it mean any complain against dealers for their misleading advertising can call SPH to complain?

[Wormvirus]

sgc gana muscle out by stcar, maybe 2 in 1