Stanley Gibbons aims for eBay’s market
Stanley Gibbons today bought an American auction website that sells collectable stamps, postcards, coins and comics in a deal worth $1 million (£806,000) as part of its attempt to beef up its online business.
Gibbons, whose flagship shop is on the Strand, will pay $600,000 in cash for Stampwants.com, which trades as bidStart.com, and issue 20,035 new ordinary shares to the minority shareholders when the deal closes. BidStart had revenues of £300,000 last year.
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Stanley Gibbons today bought an American auction website that sells collectable stamps, postcards, coins and comics in a deal worth $1 million (£806,000) as part of its attempt to beef up its online business.
Gibbons, whose flagship shop is on the Strand, will pay $600,000 in cash for Stampwants.com, which trades as bidStart.com, and issue 20,035 new ordinary shares to the minority shareholders when the deal closes. BidStart had revenues of £300,000 last year.
http://lithuanianphilately.com/forums.p ... 68921.html" onclick="window.open(this.href);return false;
http://lithuanianphilately.com - always looking for early covers from Lithuania
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