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Wednesday, November 22, 2006

Moneybookers for sale

Got $200 million to spare?

German retail tycoon Otto Beisheim has put Moneybookers up for sale with a price tag in the region of $200 million. Payment processor Neteller is thought to be interested in the company to bolster its presence in Europe.

Reports suggest that other likely buyers include a number of financial institutions and private equity firms. Revenue for the company in 2006 is forecast to be around $15 million, with pre-tax profits of approximately $8 million.

posted by Casino News at Moneybookers for sale

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