Web2 Corp Now Owns ByIndia.com
Amit Chowdhry | Monday November 6, 2006 | 761 views
In a slightly unexpected move, Web2Corp (NASDAQ: WBTO) has acquired ByIndia.com, a new website that boasts a YouTube-flavored design for video search, a similar MySpace interface for social networking, and an eBay-style auction page. However, ByIndia appears to be tailored for Indians as the primary demographic. Web2Corp took interest in ByIndia because they believe that it is to India as what Baidu.com is to China. Web2Corp also believes that this website has more potential than Guruji.com.
“We believe we are in early with a great product. India is a massive market that is gaining economic footing and ByIndia.com is the best product available for this audience. We plan to improve upon it. We see a Baidu-like opportunity to create the definitive community for this vast population,” stated William Mobley, Chairman and CEO of Web2 Corp. On the homepage for Web2 Corp, ByIndia is the featured product and when speaking of ByIndia, the page states “India is projected to eclipse China as the most populous country on the planet. Its economy is projected to be the third largest with the US and China in the next 15 years. We aim to dominate the growing market today.”
ByIndia.com isn’t Web2 Corp’s only major product. Here’s a list of other companies that Web2Corp companies:
- YouGetIt – http://www.yougetit.com/
- MyPrayerClub – http://www.myprayerclub.com/
- International Chamber of E-Commerce – http://www.chamberecommerce.com/
- Web1000Traffic.com – http://www.Web1000Traffic.com
- Live-Websupport.com – http://www.live-websupport.com
- Cheap Coders – http://www.cheapcoders.com
- Web 1000 – http://www.web1000.com
- Job Match Pro – http://www.jobmatchpro.com
- Hot Homepages – http://www.hothomepages.com
- My Crib Spot – http://www.mycribspot.com
- My Digital Spot – http://www.mydigitalspot.com
- Comm Bid – http://www.commbid.com
- Ad Agency Pro – http://www.adagencypro.com
- Family Homepages – http://www.familyhomepages.com
- eWeb Team – http://www.ewebteam.com
- Million New Jobs – http://www.millionnewjobs.com
- Mired Latina – http://www.miredlatina.com
- Template Superstore – http://www.templatesuperstore.com
- My College Mates – http://www.mycollegemates.com
- Free Stuff Make Money – http://www.freestuffmakemoney.com
- Website Owner – http://www.websiteowner.com
- Website Superstore – http://www.websitesuperstore.com
It is when you hear about acquisitions like these that you begin to explore the purchasing company a bit more. When I turned to the Web2Corp blog, there is a post that talks about Web2 Corp’s take on the Google-YouTube acquisition. “This week we find Google spending $1.65 billion to acquire YouTube, the aggregator of ‘Jackass’ style juvenile video clips submitted by users that step all over copyright laws. While there is talk of Google becoming the equivalent of a television network over the Internet, Web2 sees Broadcast.com-Yahoo and AOL-Time Warner all over again. What say you?”
Although I do not know the dollar amount of the purchase for ByIndia, but the concept of ByIndia is similar to YouTube. If this was Web2 Corp’s actual viewpoint on the Google-YouTube acquisition, they would have had 2nd thoughts on the ByIndia acquisition.
Related Posts:
Categorized under ByIndia, M&A, Web2corp
If you liked this post, subscribe to the Pulse 2.0 RSS feed.
