Irish Web companies goes for €60 million

24th of February 2006 by admin

Needahotel.com was recently sold for a reported €60million (see sbpost)

From ENN…
ElectricNews.net:News:In the papers 20 February
The paper also says that entrepreneur Sarah Newman stands to make up to EUR30 million from the sale of Needahotel.com. US firm Cendant is paying EUR30 million in cash for Needahotel.com, with a further EUR30 million in earn-out payments if the Dublin company meets financial targets. Newman, who founded Needahotel.com 11 years ago, owned almost 50 percent of the company.

check here for profile from E&Y

1st web2.0 exit for 2006….

This entry was posted on Friday, February 24th, 2006 at 12:24 pm and is filed under Irish Web2.0 News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Irish Web companies goes for €60 million”

Web 2.0 in Ireland » Exits activity this year

July 31st, 2006 at 1:06 pm

[...] – Needahotel – $60m – Stockbyte – $135m – Myhome.ie – $64m [...]