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Daily Mail buys Slovak job server profesia.sk

IN WHAT was described as the biggest deal in Slovak Internet history, the British Daily Mail and General Trust media group bought Slovakia’s most popular job server profesia.sk, the Trend weekly reported.

The contract was signed on October 28.

The value of the deal was not disclosed. According to Trend, however, the Slovak-American Enterprise Fund, which owned a two-thirds stake in profesia.sk and invested Sk15 million (€383,000) into the project, gained over Sk100 million (€2.5 million) from the deal. The other owner, IT firm ui42, which launched profesia.sk in 1997, profited from the sale as well.

Profesia.sk recorded a turnover of €1.1 million (Sk43 million) last year, which was almost twice as much as in 2003. The growth earned it an award from advisory firm Deloitte, which ranked profesia.sk as the sixth fastest growing new IT firm in Central Europe in its Fast 50 chart.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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