Bidders are circling round WAYN's world
Sunday 17 February 2008
Social travel site Where Are You Know (WAYN) has revealed it has had several offers this year, thought to value it at about £100m.
"We have indeed had several approaches," said Annika Erskine, marketing manager.
Several bidders are thought to be circling but Ms Erskine declined to identify them. It is thought American internet giant AOL is one interested party.
The approaches are believed to have been made since the start of the year, but an insider suggested an official announcement of a deal had been delayed because talks have stalled over a proposed payout clause.
If a deal is struck, WAYN would notch up one of the biggest price tags yet for a British-based social network start-up, following in the footsteps of social music site Last.fm, which was sold to CBS for £140m in May 2007.
Launched in 2002, WAYN boasts a membership of more than 10 million people.
- 1 Three of Pope Francis' relatives die in Argentina car crash, including two young great-nephews
- 3 Here’s the damning letter Robin Williams wrote to his Mrs Doubtfire co-star's principal after they expelled her
- 4 Ferguson protests: 90-year-old Holocaust survivor Hedy Epstein ‘arrested’ by police during St Louis demonstrations
- 5 Cilla Black defends Cliff Richard: 'I am positive that the allegations are without foundation'
Syria conflict: President Assad finally turns on Isis as government steps up campaign against militant strongholds
Michael Brown shooting: Amnesty International sends team within US for first time as National Guard deployed
Ice Bucket Challenge: Lady Gaga, Justin Bieber and Oprah – the most entertaining reactions so far
Iraq crisis: Islamic State's message to America - 'We will drown you all in blood'
Ferguson: In the heartlands of America, a descent into madness
Isis threat: Cameron wants an alliance with Iran
Crisis? What crisis? A visiting US doctor gives the NHS a rave review
Ukip MEP calls for reintroduction of death penalty on fiftieth anniversary of last deaths
Russell Brand calls for Israel boycott: Comedian urges big businesses that 'facilitate the oppression of people in Gaza' to pull funding
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
World peace? These are the only 11 countries in the world that are actually free from conflict
iJobs Money & Business
£700 per day: Harrington Starr: Quantitative Developer C++, Python, STL, R, PD...
£30000 - £44000 per annum + Bonus+Benefits+Package: Harrington Starr: Web deve...
£40000 - £65000 per annum + benefits+bonus+package: Harrington Starr: Senior A...
£35000 - £45000 per annum + benefits+bonus+package: Harrington Starr: Web deve...