Website Worth 577 Million Euros

Sabre Holdings announced its intention to buy lastminute.com, a pan-European Web travel agency and retailer, for £577 million. This move will help Sabre and its Web travel agency unit Travelocity.com gain against Expedia, just as Europe is about to see rapid growth in Web travel spending. Lastminute’s experience as a diversified retailer in non-travel products will also help Travelocity improve its merchandising capabilities.

Source: Forrester Research

Can’t believe what some websites are worth nowadays. I’ve heard of astonishing buying prices big companies invest to acquire the smaller ones or competitors. People would say buying out the competition or strengthening their foundation is their purpose but for a website online worth that much. :S

I wonder how much my website might be worth in the future then. LoL! And if you’d like to visit the million dollar website mentioned, go HERE.

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