there's really something wrong with tsikot's admin

**EQAddict** · March 9th, 2013 08:28 PM

But a fraction of 100m upfront +incentives down the road to hit that 100m is still a lot of money. I wish my job paid me that much hehe.

But yeah where are all the owners. They have disappeared.

**testament11** · March 10th, 2013 04:37 PM

Kung wala na admins, sino nalang nag-mamaintain nito? Will tsikot just die naturally? Wag naman sana...

**Syuryuken** · March 10th, 2013 05:23 PM

Originally Posted by shadow

50M or 60M offer dati ng yehey diba? Sana kinuha na lang

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100M bro 10% DP

Tsikot’s Php100M offer by MIH breaks down

For the close to two years now, MIH (majority owners of Sulit.com.ph) has been trying to buy Tsikot — an online Filipino community/forum focused on cars and general automotive.

According to a source close to the deal, MIH offered “up to” Php100 Million to the founders of Tsikot. But there’s a catch — only 10% will be paid in cash (Php10 Million), straight up.

The rest will be staggered based on the performance and revenues of the site (more like an earn-out which is paid out over time as the acquired company achieves certain levels of sales or profitability).

The initial Php10 Million seemed a bit small and the earn-out for the next 5 years is not guaranteed. Likewise, the acquisition involved 100% of Tsikot (it started out as simple majority at first) so that means the founders will eventually be taken out of the picture completely.

Last week, negotiations tanked for the last time. Tsikot will continue to be run independently and MIH will pursue the car classifieds thru Sulit.com.ph (a move they’ve already been doing for a while now).

**Retz** · March 10th, 2013 05:37 PM

Originally Posted by d'flash

san located tsikot shop?

ung shop talaga nila sa may slex-sales road malapit.

**vinj** · March 10th, 2013 05:56 PM

Baka na-kidnap ng Happy Cars?

Dapat pati yung mga fabulous online personas natin kasama sa deal. :P

**testament11** · March 10th, 2013 08:13 PM

Originally Posted by vinj

Baka na-kidnap ng Happy Cars?

Dapat pati yung mga fabulous online personas natin kasama sa deal. :P

So dapat sa 100M na yun eh may parte tayong lahat! Kung sino pinaka-sikat, mataas ang value

**chrismarte** · March 10th, 2013 08:15 PM

^biglang yaman si OB nyan

**renzo_d10** · March 10th, 2013 10:51 PM

Abandon ship na ba 'to? Baka kaya hinde na rin naayos Tapatalk.

If ever magdown ang Tsikot for whatever reason. Sad to say, it might be the end of our site. With admins nowhere to be seen (or baka busy) sino nalang magaayos ng down Tsikot. Hehehe.

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