CareerBulider worth $6 bn by the end of the decade
That's what unnamed "Wall Street analysts" say in this story "Website stake could affect Knight Ridder sale":
While Knight Ridder's print operations have struggled, CareerBuilder saw its revenues grow 75 per cent in 2005 to $475m, and Wall Street analysts have estimated that a one-third stake could be worth as much as $2bn within five years.
With the change-of-control provision, the 3 partners that own CB (KR, Gannet, and Tribune) would have to determine a price at which to sell their stakes to each other.
And THAT, my friends, is one sticky wicket. Because the seller will want a high price, the buyer a low one. And where it would end up is, of course, exremely difficult to predict in advance.
So potential owners for KR have this huge, potentially very valuable asset as a major part of the company they are acquiring, and yet.... no good way to assess its value.
Perplexing for them, entertaining for us, dear Stoners!
