Who is buying BharatStudent.com ? Reliance BIGAdda, MingleBox, Ibibo in race ? Northgate Technologies in trouble
By Manoj Govindassamy at 5 November, 2009, 3:15 am
Earlier this year it shut down many of the overseas offices in Singapore, China and USA owing to global downturn and incurred heavy losses.Back in May 2009, in a filing at Bombay Stock Exchange, the company expressed that its share value doesn’t reflect the real value of some of its highly popular web properties.According to them,1…. As per ComScore’s April 2009 report, NorthGate’s web properties are accessed by more than 25 million unique internet users.So, the company was looking out for alternatives especially for BhartStudent.com and Ziddu.com.. The report also says – termination of Northgate’s contract for sale of Free Commercial Time (sponsorships of programmes) with Kalaignar TV Private Limited…. … Also in the result report, the company claimed that it has three potential buyers for the web properties that it put up for sale. As per NDA, potential buyers are not revealed in the report, and we never know whether they are local or abroad companies and when is the sale expected.Can you make some wild guesses who are those potential buyers could be ?
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