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Saturday, August 29, 2009

Development of UK market - tight battle

Interesting information was published in Redbread.co.uk page source. Redbread penny auction started 14 of August.
Here are the lines:
<meta name="publisher" content="Entertainment Shopping,
Inc"
/>
<meta name="copyright" content="Entertainment Shopping,
Inc."
/>
As we all know very well, Entertaiment Shopping AG is the owner of Swoopo. Swoopo has raised $10 million from August Capital this spring and previously raised $4 million from Wellington Partners.

If this is not a coincidence, then it seems, that part of this money is aimed at smoking out competitors - Madbid, Cookiebid and others.

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