com Joins Forces with QXL
to Provide Holidays via Auction
The all-share deal represents the biggest acquisition to date for QXL
, the UK Internet company founded in 1997 by former FT journalist Mr Tim Jackson.
Currently the QXL
site sells everything from fridges to hi-fis to freezers.
announced on 24 October 2000 an increase in its equity interest in ibidlive N.
The four runners-up who each receive QXL
, which has operations in France and Germany as well as the UK, says it has 100,000 registered users.
In addition, this channel allows us to continue to build the QXL
brand across Europe in an efficient manner that is consistent with our strategy.
will see its number of registered users expand to 670,000, up from 500,000 as a result of the deal.
com, visit the Valentine's shop and email your chat-ups or send them on a postcard to QXL
has noted the preliminary statement made by ricardo concerning its results for the year ended 30 June 2000.
today also announced the appointment of Stan Laurent, currently Senior Vice President, Sales and Marketing for QXL
, to the newly created position of President, Strategic Development.
A decision on the extra shares will be made in 30 days, giving time to see if the pent-up demand will push QXL
shares higher, or if a recent shudder over Internet stocks in London will send them down.