A small 1.5 million euros. This is the sum that goes to pay the group The Figaro, to put the hand on Viadeo, which it has bought in the bar of the tribunal of commerce on Friday. Six potential buyers whose Leboncoin had expressed interest in this former hopeful for the French Tech, founded in 2004 by entrepreneur Dan Serfaty, who had abandoned the presidency at the beginning of the year 2016.
offers of recovery were particularly low, and none of them exceeds the sum proposed by Le Figaro, according to les Echos. It must be said that the capitalization of Viadeo collapsed in less than two years, from 142 million euros to 10.1 million on 10 November, the date on which the listing of the title had been suspended. An amount a hundred times lower than its valuation of eur 150 million at its ipo in 2014.
Job boards
Based in Paris in the IXe arrondissement, the company employs nearly 130 people of which more than half will be taken up by Le Figaro. “The offer includes in particular : the recovery of 78 employees 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 fields of recruitment and digital”, we read in a press release. The Figaro states that the operation which has received the support of the management and employees of Viadeo is still conditioned to the decision of the american judge concerning the activities of its u.s. subsidiary.
a Subsidiary of the group, Le Figaro, Figaro Classified one of the main players in France’s sector of employment opportunities and CVthèques increased to 100% on the Internet. He is already the owner of the “job boards” Cadremploi and Keljob. Since its acquisition of the group, CCM Benchmark for more than 100 million euros, Le Figaro also owns the online publications The Journal du Net and internet user and social network Buddies before. What accelerate the transformation of a group that claims the number one place of digital media in French and to which the revenues related to Internet activities represent 35% of its turnover and 60% of its profits.
failure chinese
Distanced for many years by its rival american LinkedIn, recently bought by Microsoft for a whopping $ 26.2-billion, Viadeo was party to the assault of emerging countries but had suffered a bitter defeat in China, forcing it to close its subsidiary, Tianji. It had registered a loss of more than 23 million euros in 2015. During the first nine months of the year, its turnover has melted a third party, at least 12.3 million euros. If the service still has 40 million profiles, only 8 to 10 million are actually exploitable in France.
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