Keeping eBay at Bay

Article Abstract:

British Internet auction company QXL PLC has agreed to an all-stock purchase of Germany's Ricardo.de AG in a deal placed at &1.1 billion. This merger will create an auction site rivaling eBay's European business.

United States, On-Line Information Services, Videotex & Teletext, Statistical Data Included, Management, Column, eBay Inc.

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QXL.com gets cold feet, stalling deal with Ricardo.de ; U.K. online auctioneer is concerned about German firm's performance

Article Abstract:

London-based online auction firm QXL.com is rethinking its offer to acquire Germany's online auctioneer Ricardo.de AG, due to Ricardo's poor earnings in the last two months since the acquisition bid was first announced.

Financial management

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QXL is rethinking terms of deal to buy Ricardo.de

Article Abstract:

QXL PLC is seeking to renegotiate the terms of its Euro 1.1 billion acquisition deal with Ricardo.de AG, a German business-to-business internet venture.

Brief Article

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