Lastminute.com pays €46.7 million for lastminute.de

MultiReg · (#1 (**permalink**))

Lastminute.com has paid €46.7m in cash and shares to two entrepreneurs for a clutch of German companies, the lastminute.de operation and the lastminute.tv domain name.

Brent Hoberman, CEO of Lastminute.com PLC, said in a statement that the transaction would remove the confusion between the .com and .de brands. The UK company will pay €24m in cash and swap 8.23 million new shares to complete the deal, reports Silicon.com.