According to a source close to this group buying site, the company has been shopping itself around for a while now. The price tag — about Php1.2 billion in cold cash.
Not bad for an industry that has only been around for less than 3 years in the Philippines.
The group buying site is among the highest, if not the top, selling deal sites in the country and have reported gross revenues in the hundreds of million of pesos last year.
A number of local and international groups have been offered but no one has taken the deal yet. Once and if this happens, the sale could be the biggest ever in the start-up industry in the Philippines.
Ensogo have already been bought by Leavingsocial… And metrodeal sold only restaurant stuff. Investors don’t like that type of company anymore. My take? cashcashpinoy.
ensogo.ph?
Living like JP MORGAN
Cash Cash Pinoy?
From what I hear Its Metrodeal.
Multiply?
Ayosdito and sulit are already owned by corporation. The only 2 options are metrodeal and cashcashpinoy.
Now that’s the entrepreneurial spirit. Hoping this climate of confidence in the Philippines continues so that small people with big ideas can capitalize on this.
Sulit.com o ayosdito.ph?
TANGA KA BA? GROUP BUYING SITE DAW
The article is unclear but if we are going to base it on the image included in the post, its the site Group Buying Site (GBS)or http://groupbuyingsite.com – which is not an actual group buying site but develops plugins and wordpress themes.
http://kabayantech.com/2013/05/is-group-buying-site-shopping-for-a-buyer-for-php1-2-billion/
BE WARNED! http://groupbuyingsite.com script << This site is SCAM. The guy took my money and disabled my site license when I asked for a refund even though I cancelled the refund in paypal and he stopped responding. Just took the money and ran like crazy…
1.2B?! How presumptuous!
Oo ang benta ng mga group buying sites… ung ibang deal sa Metrodeal, isang deal umaabot P4.5 million ang nabili. Restaurant, spa etc.