Martin Lewis sells MoneySavingExpert.com for £87m

[eventdomain]

Martin Lewis sells MoneySavingExpert.com for £87m


thought it might sell one day - it was on the cards - didnt think it would go for that price though.

http://www.bbc.co.uk/news/business-18295587

 

[Simply Bedrooms]

£87m is ridiculous, how do these companies get valued. Just does not make sense.

 

[eventdomain]

Well the site has great value eg:

Consumer Revenge approach have made it the UK's official no. 1 money site with over 13 million unique users a month.

Was sold to Moneysupermarket.com, and partly the reason might be the domains are similar, eg: MoneySaving/MoneySupermarket - thus fitting in with MS's portfolio......

Don't forget that MSE IS a consumer-driven site, for the consumer, and people like that, it makes great media attention.

 

[Raspberry]

£87m is ridiculous, how do these companies get valued. Just does not make sense.

Dont forget that MSE made £16m from advertising last year and 59% of that was from Moneysupermarket.
As the total of the £87m is not all cash and spread over a few years,it wont take long for Moneysupermarket to break even.

 

[lynxus]

Dont forget that MSE made £16m from advertising last year and 59% of that was from Moneysupermarket.
As the total of the £87m is not all cash and spread over a few years,it wont take long for Moneysupermarket to break even.

Its still a shocking amount of money

If anyones interested my business is for sale for a knock down price of £5m

 

[Ding Dang Doo]

And Mr Lewis has already announced that he will be cutting down the amount of time he dedicates to the site... How surprising!

 

[british steve]

And Mr Lewis has already announced that he will be cutting down the amount of time he dedicates to the site... How surprising!

Would you bother to turn up for work with 25 million in the bank? I sure as would not!

 

Would you bother to turn up for work with 25 million in the bank? I sure as would not!

One could be left with a very empty feeling if after years of being busy one is left with nothing to do.

I suspect Martin could already afford all the things in life he wanted.

 

[leemason]

Good for him. I doubt that he started that business with selling in mind but it's a great business which stuck to it's ethos and gained a huge following because of that. He remains editor-in-chief and I think he will continue to have a huge input because he is the sort of person who seems committed to the ethos of the company that he started. We need to celebrate such business success. Someone like this who starts a small business and builds it up deserves such success much more than someone who simply has the plays office politics in a Bank for 20 years and manages to climb the greasy pole!

 

Someone like this who starts a small business and builds it up deserves such success much more than someone who simply has the plays office politics in a Bank for 20 years and manages to climb the greasy pole!

Rubbish its not the glitterati its the millions of people who do quite ordinary but useful jobs that keep it all going.

 

[leemason]

Rubbish its not the glitterati its the millions of people who do quite ordinary but useful jobs that keep it all going.

Quite true.

 

[british steve]

One could be left with a very empty feeling if after years of being busy one is left with nothing to do.

I suspect Martin could already afford all the things in life he wanted.

I would be very happy driving my 40 year old camper around the World for the next 25 years.

 

[MBE1]

Good for him, why not sell?

Can anyone truly say they would have turned down the figure offered?

 

[leemason]

I would be very happy driving my 40 year old camper around the World for the next 25 years.

Sounds great! Life on the open road...

 

Sounds great! Life on the open road...

But will it make it to Dover?

 

[GeorgeM]

Compared to Facebook, I'd say it was a bargain at £87 million

 

[leemason]

But will it make it to Dover?

They run forever!!!

 

[bdw]

I would be very happy driving my 40 year old camper around the World for the next 25 years.

I hope you mean camper VAN?

 

[british steve]

I do indeed. Its an old split screen VW camper (She's called rhubarb) that I restored a couple of years back. It is also very reliable (and fast) as it has a 2ltr turbo charged Subaru engine stuffed in the back.

Would love to just sell up and bugger off around the World (one day - maybe)

 

[Ding Dang Doo]

I do indeed. Its an old split screen VW camper (She's called rhubarb) that I restored a couple of years back. It is also very reliable (and fast) as it has a 2ltr turbo charged Subaru engine stuffed in the back.

Would love to just sell up and bugger off around the World (one day - maybe)

Euromillions Jackpot £120 odd million tonight... Got to be worth a punt!

 

[Flatmate]

Good for him, why not sell?

Can anyone truly say they would have turned down the figure offered?

Mark Zuckerberg, Think he would of held out for a lot more, lol