French Web Host OVH makes bidding for Strato |
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| 6/30/2009 3:00:18 AM | |
Before a month, after German telco Freenet Group (www.freenet.ag) showed the intentions to sell their web hosting division, Strato (www.strato.eu), French hosting provider OVH (www.ovh.com) has entered the race to acquire Strato, one of Europe's largest web hosts. In a note on company forum, OVH chief executive officer Octave Klaba revealed his interest in buying Strato, which has more than 1.3 million customers between 6 European countries and operates more than four million domains. It is unclear from Klaba's statement that whether OVH is bidding for all of Strato or only its operations in France. Hosting 800K websites for 350K customers, OVH would become a dominant force in the European web hosting industry if it dominantly makes bidding for the German host. Landesbank Baden-Wuerttemberg (www.lbbw.de) analysts have pegged the market value of the web hosting to be around $336 million. In order to land the deal, however, OVH may have to compete with German Internet hosting services company United Internet (www.unitedinternet.de), which has reportedly also shown interest in Strato, which would bolster its website hosting division, 1&1 Internet (www.1and1.com), which already tells of 8 million paying customers. Market sources say that OVH has revenue of as much as €45 million (about $63.4 million). Tag Clouds: web hosting, website hosting, reseller web hosting, website hosting, web host, hosting |
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