"Molotok.ru" closes
The largest shareholder of the online auction Molotok.ru , Allegro Group (owned by the South African holding Naspers), decided to close the resource. Information about this came from sources close to another shareholder of the company - Mail.ru, write “Vedomosti”. Naspers in the project 28.9% of the capital and 12.5% of the vote.
It is worth recalling that the Molotok.ru online auction opened in 1999, for a long time this resource was the largest online auction in Russia. In 2000, the service was acquired by NetBridge, the head of which was Yuri Milner. In 2001, NeBridge merged with another company, Port.ru, and was named Mail.ru. In 2007, the British company QXL Ricardo bought 30% of Molotok.ru from the Mail.ru Group. At that time, the cost of the resource was estimated at $ 5– $ 10 million. In the same year 2007, QXL Ricardo was renamed Tradus, and in 2008 Naspers bought the company. At present, this particular South African holding is the controlling shareholder of Molotok.ru.
In 2012, the company's turnover amounted to 3 billion rubles, but already in 2014, online auction revenue amounted to about $ 3 million, while operating profit was $ 300,000. All profits had to be written off to payments on loans Naspers. The shareholder provided the resource with funds for development, which the company itself did not have. It is worth noting that Naspers is a shareholder of Avito.ru , this is a much better investment than Molotok.ru.
It is worth recalling that the Molotok.ru online auction opened in 1999, for a long time this resource was the largest online auction in Russia. In 2000, the service was acquired by NetBridge, the head of which was Yuri Milner. In 2001, NeBridge merged with another company, Port.ru, and was named Mail.ru. In 2007, the British company QXL Ricardo bought 30% of Molotok.ru from the Mail.ru Group. At that time, the cost of the resource was estimated at $ 5– $ 10 million. In the same year 2007, QXL Ricardo was renamed Tradus, and in 2008 Naspers bought the company. At present, this particular South African holding is the controlling shareholder of Molotok.ru.
In 2012, the company's turnover amounted to 3 billion rubles, but already in 2014, online auction revenue amounted to about $ 3 million, while operating profit was $ 300,000. All profits had to be written off to payments on loans Naspers. The shareholder provided the resource with funds for development, which the company itself did not have. It is worth noting that Naspers is a shareholder of Avito.ru , this is a much better investment than Molotok.ru.
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Source: https://habr.com/ru/post/292370/
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