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Tag Archive 'MIH Internet Europe'

Mar 25 2010

Giants team up against Naspers in eastern Europe

Published by under Companies,Top Stories

The growth potential of the businesses owned by SA-based media group Naspers in eastern Europe received a nasty blow with the announcement yesterday that the Springer Verlag, Germany’s biggest media group, and Ringier, Switzerland’s biggest media group, have joined forces to grow their market share in eastern Europe. [Read on]

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Apr 21 2009

D-Day for eBay in Germany

Published by under Companies,Top Stories

Today is a big day for eBay (and South Africa’s media group Naspers) in Europe.

A German court will rule in a case, which could rob eBay in Germany (and other European countries) of lots of turnover, if the decision goes the wrong way. [Read on]

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Mar 20 2009

MIH buys auction site in Hungary

Published by under Companies,More News

MIH Internet Europe, the online division of South African media company Naspers, has bought the Hungarian online auction site TeszVesz from Finnish publishing giant Sanoma, the website of business daily Napi Gazdasag reported earlier this week. Last year MIH bought auction platform Vatera.hu.

With this second acquisition, MIH now holds about 90% of Hungary’s online auctions market. 

I’ll add info as I get it.

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Jan 24 2009

Buzzcity and MIH

Published by under Companies,More News

Lai Kok Fung, CEO of Singapore-based mobile ad company Buzzcity in which MIH holds a 25% stake, had a few very interesting things to say about his business and how it benefits from the MIH investment. This aticle gives some insight into the question sometimes asked by analysts – what does MIH (Naspers) bring to the party when it invests in companies like Nimbuzz, Buzzcity and Tradus (now part of MIH Internet Europe)? This article shows: Quite a lot.

Also read this article on Buzzcity.

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Dec 08 2008

Naspers gets new competition in Norway

Published by under Companies,Top Stories

Naspers got an unpleasant Christmas present in Norway this week: eBay launched a new auction platform (www.ebay.no), which will make an already crowded market for auction platforms in this Scandinavian country even more crowded. [Read on]

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Nov 20 2008

Oops, Ricardo…you’re breaking the law

Published by under Companies,More News

Ricardo.ch, the Swiss auction platform owned by MIH Internet Europe, is advertising for an online marketing type to join its team in Zug, Switzerland. Advertisements also appeared on German job sites. 

Here is the ad as it appears on the Ricardo site

Only problem: The company says it’s looking for someone not older than 35. That’s a BIG no-no in German law. (Even bigger than when a SA firm would “forget” it was an “equal opportunity employer”…)

Jokes apart, should someone complain, Ricardo will be lucky to get away with a warning.

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Oct 31 2008

Naspers rethinks, releases statement on Unger

Published by under Companies,Top Stories

After telling me yesterday there will be no press statement on the departure of Christian Unger, CEO of MIH Internet Europe, and the appointment of Hein Pretorius as his successor, Naspers today released a statement. [Read on]

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Oct 30 2008

Setback for Naspers in Europe: CEO resigns

Published by under Companies,Top Stories

Only months after becoming CEO of Naspers subsidiary MIH Internet Europe Christian Unger has resigned and joined Switzerland’s biggest media house Ringier. With 50+ websites and operations in eastern Europe, Ringier is a Naspers competitor (although its focus is on print). [Read on]

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