WAYN What?
Posted by on January 19th, 2008 filed in Web 2.0, Finance, Travel 2.0, New Entrants
TechCrunch UK has reported yesterday that WAYN was in talks with AOL for a possible sale of the travel social networking for an estimated £200M.
Annika Erskine - PR Manager for WAYN - has made a response here.
My first reaction to the news is I don’t believe it. The company expects to bring $4.5M in revenues this year with about 10M subscribers. The valuation of the company would be 44 times the revenue it brings (let alone the profits!).
This is really crazy valuation in my mind. But if this is true, I can’t be happier for Jérome and Peter.
I found the story to good to be true and funny enough comes out at the same time of the Eye for Travel conference in London where Jérome Touze (founder or WAYN) was speaking on Wednesday. Coincidence or a nice PR move ? I let you be the judge.
After the TechCrunch story, the blogosphere and traditional media haven’t waited too long to report the story. HotelMarketing.com even made the story its headline for yesterday. Shocking…
You can find other comments about the story in:
Travolution "AOL to buy WAYN?"
Alex Bainbridge "WAYN - Will AOL Yes No?"
Visit the original article!!
http://www.hotel-blogs.com/guillaume_thevenot/2008/01/wayn-what.html
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