Saturday, December 24, 2016

Viadeo falls in the pot of Figaro – ZDNet France

Viadeo has been placed officially at the beginning of December into receivership. This week, the commercial court of Paris devaitt decide on the offers to purchase of the social network for professional purpose.

According to les Echos, 6 buyers have shown their interest with offers that do not exceed not 1.5 million euros. It must be said that its capitalization has melted in the less than two years, from 142 million euros to 10.1 million. There was Leboncoin and Figaro Classifieds but also One More Company, the group alsatian Phosphorus through its wholly-steering business in real time Rivalis, the SFAM (French Society of Insurance Multimedia) and the cabinet of council Ethics Group.

This is finally the offer of the Figaro, which has been chosen by the tribunal de commerce, the group is putting on the table € 1.5 million. “The offer includes in particular : the recovery of 78 employees (more than 120 in France, ED) and 20 interns/trainees ; maintaining the brand Viadeo ; the development of the professional social network in France, and career management, based on the strengths of Linkedin and the recognized expertise of Figaro Classifieds in the areas of recruitment and the digital”, one can read in a press release.

The buyer specifies that the operation remains subject to the decision of the american judge concerning the activities of the US subsidiary of Viadeo.

Figaro Classifieds is an actor prepared employment offers and CVthèques. It is thus in particular the the owner of Cadremploi and Keljob. Since the takeover of the group JCC Benchmark, it also owns a social network, Friends, before.

in the Face of Viadeo is positioned a giant worldwide, LinkedIn, which was acquired this year by another multinational, Microsoft, for more than $ 20 billion. The buyer of the network social French will try-t-he to survive the service in such market context ?

Remember that Linkedin is nothing more than the shadow of itself : if the service still has 40 million profiles, only 8 to 10 million are actually exploitable in France. As to the activity on the network, it is in sharp decline. Side finance, this is not better with 24 million euros in turnover in 2015 to more than 23 million of losses.

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