Sedo Founders Sell Remaining 24% of Company, Schumacher Promoted

Wednesday, September 30th, 2009

AdLINK has purchased the remaining 24% of Sedo and promoted its managing director.

SedoSedo parent company AdLINK Group has purchased the outstanding 24.06% of Sedo shares owned by its founders. AdLINK will purchase the shares for 5.5M EUR in cash plus 4.25 million shares of AdLINK. At today’s exchange rates and stock price, and assuming no restrictions on the stock, that values Sedo at about $130 million.

Sedo Managing Director Tim Schumacher has also been named as the new CEO of AdLINK. AdLINK will also be changing its name, to be finalized in 2010.

AdLINK group had sales of 102.1M EUR in the first half of 2009, a 10.3% drop compared to the same period in 2008. Its earnings fell to 1.4M EUR, a 72% drop from 2008.

Sales in the Sedo division dropped 23.4% year-over-year to 22.6M EUR. Due to a “quality and efficiency” process, the number of domains available on Sedo also dropped in the first half of the year. However, the number of registered users jumped to 894,000.

Further Reading:

  1. Adlink Group Rebrands as Sedo Holding, Changes Ticker to SEDO
  2. Sedo’s Parent Company Sells Display Marketing Business
  3. Tim Schumacher announces departure from Sedo

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5 Comments » - Posted in Domain Services by

Comments

  1. Chris
    September 30th, 2009 | 12:27 pm

    anyone know what there ebitda is that gets the valuation to $130million?

  2. Andrew Allemann
    September 30th, 2009 | 2:09 pm

    Chris, you can dig into their financials here.

  3. Sumit Bahl
    September 30th, 2009 | 9:20 pm

    This is interesting, I thought the way I was reading the news, it looked like the market is good for domains, but I guess this proves it was better :)

  4. Sedo Sells Remaining 24% Ownership To Parent Company AdLink
    October 1st, 2009 | 6:48 am

    [...] Sedo.com is a website where people can sell their domain names. AdLINK Group, the parent company behind Sedo purchased the 24.06% remaining shares in Sedo recently. Those shares were purchased for 5.5 million Euros and 4.25 million shares of AdLINK stock. Based on the valuation of AdLINK’s stock and the cash given for the remaining shares, that puts Sedo at a 0 million valuation. [...]

  5. Domainer
    March 25th, 2010 | 10:31 am

    “Sedo parent company AdLINK Group has purchased the outstanding 24.06% of Sedo shares owned by its founders.”

    Those founders are smarter than I thought.

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