In August 2012, Facebook Inc. acquired Instagram, a mobile phone-based photo-sharing service. Instagram was started in October of 2012, had 16 employees and reported no revenue at the time of the closing of the transaction. According to Facebook's Form 10-K Annual Report for December 31, 2012, the purchase price of $521 million included $433 million allocated to "goodwill."
The market for TheDirectory products and services is huge, worth many billions a year, we all know that. Change at the top has been happening, all be it slowly, it's still happening. With the recent growth in mobile, video and Internet search in general, the 150 year old multi-billion dollar a year yellow page business model has essentially collapsed and been replaced. During this process the mobile/video space in particular has become highly fragmented. Opportunity in just the mobile space alone is huge right now. Mobile and Video search will be the future of TheDirectory.
TheDirectory may not obtain a price $500 million to $1.10 billion range as in the case of the acquisitions of Tumblr and Instagram; however it does give an indication of the kinds of prices these firms are willing to pay to acquire companies with revolutionary products, even
So far SEEK has already received 2 buyout offers and SEEK rejected both. These offers were when SEEK had far less assets.
Many eyes are on SEEK. And the National Media Campaign to reach 100 million consumers SEEK is about to launch will create a tremendous amount of interest.
Many more bigger internet players will flocking with buyout offers soon.
Couldn't be more excited to be part of the next Search Engine to make average folks like me very rich. I have so far bought about 3 million shares. Calculate how much that would be worth if I sold at 25 cents. Huge ..