Martha and Brent go into business with a "thick, greedy, loathsome man"...
Published: 26 March 2003 16:30 GMT
UK online travel site lastminute.com has bought car rental firm Holiday Autos for £40m.
Holiday Autos - the subject of a particularly unflattering reality TV show last year - adds another dimension to the travel offering of lastminute.com, which built its reputation upon being able to offer discount flights and hotel rooms to the last-minute traveller.
The deal will be financed through the exchange of 27 million shares and £16m in cash. The deal sits particularly well within lastminute.com's Break Builder offering, which enables site users to create their own holiday package.
Pending approval of the deal, Clive Jacobs, chairman and CEO of Holiday Autos, will be appointed to the board of lastminute.com. Viewers of BBC2's The Secret Life of the Office may remember Jacobs coming across in a less than favourable light.
The Guardian described him as "the most loathsome man to have appeared on television this year," adding that he is "boastful, thick, greedy, nasty, cheap", before concluding that "those would appear to be his selling-points".
You will bring your operational expertise, verve, guile, creativity and vision to this business and add that extra dimension. You are an exceptional ...
In reality, 90% of their technology business is building trading platforms for private investors which allows them to publish thousands financial ...
Although full training will be provided, experience of a television broadcast environment would be an advantage. You'll also need to be a team player ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Digg
Slashdot
Del.icio.us
Stumble
Reddit
RSS Feeds
Rob Bamforth Plenty of life ahead for RFID and NFC From waving your phone at shopkeepers to saving electrical workers' lives
Peter Cochrane Peter Cochrane's Blog: How the telcos could save themselves Doomed network operators could thrive with a bit of innovation