FRANCE - Jamplant buys Kelkoo from Yahoo

According to Kelkoo founder and former CEO Pierre Chappaz's blog the purchase price was less than EUR 100m; almost five times less than the EUR 475m Yahoo paid for the company in March 2004. Kelkoo was founded by Chappaz and Mauricio Lopez in 1999 and recieved initial venture funding from Banexi Ventures and Innovacom until its trade sale to Yahoo.

Jamplant Ltd was launched six weeks ago. The investor has Philip Smyth at the helm as chairman and is backed by several angel investors believed to be the former management team of uSwitch, another price comparison site purchased for GBP 210 by US company EW Scripps.

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