Cyrte in ^E120m Bol.com deal

Pan-European investment firm Cyrte has acquired online book retailer Bol.com from German media group Holtzbrinck Networks Verlag Welt and Bild. The deal was the outcome of a Goetz-run auction. The going price has not been disclosed, but market rumour suggests that the deal value could amount to EU^R120m, excluding interest-bearing liabilities.

Bol.com is an online bookstore which also sells electronic equipment and other entertainment products. The company, which is celebrating its 10th anniversary this year, reported a EU^R224m turnover in 2008.

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