M6 / Mistergooddeal.com
French commercial broadcaster M6 Group has indirectly bought a 95 percent stake in Mistergooddeal.com, aiming to further boost its leading position in home shopping and e-commerce activities, the company said on Tuesday.
M6's subsidiary Home Shopping Service (HSS) bought the stake in the leader in online shopping which offers discounted brand-name products. M6 said it expected to pay 44 million euros ($51.3 million) for all of Mistergooddeal.com's capital.
M6 forecasts its home shopping and e-commerce activities to yield sales exceeding 200 million euros next year.
Mistergooddeal.com is expected to make sales of 65 million euros in 2005 and has been profitable since 2003, M6 said.
(c) Reuters
posted by Orange @ 7:34 AM
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