According to a source close to this group buying site, the company has been shopping itself around for a while now. The price tag — about Php1.2USD 0.02INR 2EUR 0.02CNY 0.15 billion in cold cash.
Not bad for an industry that has only been around for less than 3 years in the Philippines.
The group buying site is among the highest, if not the top, selling deal sites in the country and have reported gross revenues in the hundreds of million of pesos last year.
A number of local and international groups have been offered but no one has taken the deal yet. Once and if this happens, the sale could be the biggest ever in the start-up industry in the Philippines.
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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daniel says:
Oo ang benta ng mga group buying sites… ung ibang deal sa Metrodeal, isang deal umaabot P4.5 million ang nabili. Restaurant, spa etc.
Lovely Romero says:
1.2B?! How presumptuous!
johnonline says:
Sulit.com o ayosdito.ph?
Chicken says:
TANGA KA BA? GROUP BUYING SITE DAW
Abiel says:
The article is unclear but if we are going to base it on the image included in the post, its the site Group Buying Site (GBS)or http://groupbuyingsite.com – which is not an actual group buying site but develops plugins and wordpress themes.
http://kabayantech.com/2013/05/is-group-buying-site-shopping-for-a-buyer-for-php1-2-billion/
jim says:
BE WARNED! http://groupbuyingsite.com script << This site is SCAM. The guy took my money and disabled my site license when I asked for a refund even though I cancelled the refund in paypal and he stopped responding. Just took the money and ran like crazy…
mongenius says:
Now that’s the entrepreneurial spirit. Hoping this climate of confidence in the Philippines continues so that small people with big ideas can capitalize on this.
Soto says:
Ayosdito and sulit are already owned by corporation. The only 2 options are metrodeal and cashcashpinoy.
Wacko says:
Multiply?
great says:
From what I hear Its Metrodeal.
Elbert says:
Cash Cash Pinoy?
Jp morgan says:
Living like JP MORGAN
Mr. Curious says:
ensogo.ph?
Soto says:
Ensogo have already been bought by Leavingsocial… And metrodeal sold only restaurant stuff. Investors don’t like that type of company anymore. My take? cashcashpinoy.