wordpress blog stats
Connect with us

Hi, what are you looking for?

Network18 Gets Board Approval To Sell YellowPages.co.in & AskMe

Network18 Media & Investments Ltd, the group holding company for Network18′s non-TV business, has informed BSE that it has received approval from the company's board to divest its stake from online business directories Yellow Pages and AskMe. The company noted that this divestment will be in line with its strategy of monetizing non-core assets profitably to focus on its core television and digital business. Remember that Network18 currently has three local information businesses which includes Yellow Pages, AskMe and Burrp, which it acquired in December 2009. Yellow Pages is an online business directory which works in a lead generation format, wherein it allows potential buyers to contact businesses while AskMe offers an online and a voice based local search service, allowing users to search for companies, products, and services and Burrp offers a local search service but works on a review-based model and focuses more on lifestyle businesses. We had always felt that Network18 should've consolidated these businesses into a single brand which offers a local business search engine across various platforms like Voice, Internet and Mobile among others. With planned divestment in Yellow Pages and AskMe, it will be interesting to see how Network18 builds out Burrp as a local business search engine in the future. Other Network18 Divestments In December 2012, Network had sold its entire stake in its financial data and news terminal business NewsWire18 to Samara Capital for Rs 90 crore. Network18 was previously the majority stakeholder in NewsWire18 and held 77.5% stake (pdf) in the company as of March 31, 2012. In March 2012, Network18 had sold its entire stake in one…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ