DoneDeal always enjoyed impressive figures

DoneDeal has sold “just over 50 per cent” of its company to Norway’s Schibsted Media Group. No price was revealed, however, Schibsted now has a majority shareholding in an Irish firm with revenues of slightly more than €3 million in the fiscal year that ended 30 April, 2011. DoneDeal has seen a growth of 124 per cent year on year.
“Our new partnership with Schibsted will be very much based on providing collaborative synergies to work and learn from each other in providing an even better service and experience for our customers,” says Fred Karlsson, co-founder of DoneDeal.

Nice numbers
Founded in 2005 by Fred and Geraldine Karlsson, the site has steadily grown and today claims over two million unique visitors every month. On average, 85,000 new items are advertised each month across its 119 classified sections.
“A strong number one position in the local Irish market together with a financially sound and profitable business operation, means that DoneDeal is ideally positioned to grow further in the years to come,” says Terje Seljeseth, CEO of Schibsted Classified Media.

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