20 August 2008 | Team Tamar

Rumour: Google Wants to Buy Czech’s biggest Web Portal

It was reported that Seznam – the biggest portal website – is planning to sell all assets or part of it for 0.9 billion dollars (0.45 pounds) and rumour has it that Google is very much interested in bidding for it.

Currently all the bidding parties include Google, Mediate and private equities such as Warburg Pincus and Apax Partners. Goldman Sachs would be the broker of Seznam and the trade is expected to be finished in a few weeks.

Earlier in this year, Microsoft expressed its interest in Seznam. Seznam was founded in 1996 and it has 2.1 million registered users to date. Its revenue is 79 million dollars (39.5 pounds) and profit exceeded 28 million dollars (14 pounds) last year.

This is not the first case of bidding for websites in Czech. The second biggest web portal Centrum was purchased by Warburg.

Team Tamar