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Fri, 22 August 2014 20:48:08
Sri Lanka's Dialog Axiata buys e-commerce firm
10 Dec, 2012 09:39:07
Dec 10, 2012 (LBO) - Sri Lanka's Dialog Axiata said it will acquire a 26 percent stake in Digital Commerce Lanka (Pvt) Ltd, which owns Anything.lk an e-commerce site for 1.59 million US dollars.
Dialog said in a stock exchange filing that it also planned to transfer group e-commerce businesses ibuy.lk and tradenet.lk into Digital Commerce Lanka to operate a "unified platform for internet based commerce and trade."

Dialog said it had entered into an agreement other shareholders which will allow it to increase the stake in Digital Commerce Lanka later.
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READER COMMENT(S)
2. hiran Dec 14
CSE announcement is useless - CSE and SEC should monitor the acquisition announcments to see the minority shareholders gain more details - so if they wish they can sell their dial shares..

the current announcment has no details of sales, profit, customers and is only a maketing statement... CSE - why dont you review other exchange policies and develop our market?

1. hands Dec 12
1.59m/26% * LKR 130 = 800m rupees. Looks like Dialog is xxxx like when still loss making DTV was bought...

Minority share holders should ask for the revenue and profit of Anything.lk to see if its value can be justified.. lets see when they report !! might be high PE than facebook multiple also...