Tsikot’s Php100M offer by MIH breaks down

[niky]

Initial investment is small... but what matters is hits.

Lakilakauto is not big enough (was never big enough) to warrant their attention. They want tsikot for the web hits and classifieds. It's the only online auto-classifieds that rivals chulit.com.ph in size and reach. If they buy it out, they will have a stranglehold on the market.

If they want kotse... sure... we'll sell for 10m up front, plus 2m a year in terms of salaries for site admins? No problem.