In a previous post valinvestor alluded to the possibility of webfirm being set up to be bought out by a major company looking at the technology advertising market. One such company that may take a serious look at webfirm is Axel Springer. Axel Springer at the beginning of the year bought publishing partner seloger for 847 million. It is reported that they are looking for more acquisitions with a focus on digital business. Axel want half their future earnings generated through internet channels such as publication websites and advertising portals. With Seloger on board adslots end-to-end platform this month we're sure to catch their attention if we are able to generate stronger profits in the future.
WFM Price at posting:
7.1¢ Sentiment: LT Buy Disclosure: Held