A Paris commercial court has approved the sale of social networking site Viadeo.com to French classifieds portal FigaroClassifieds.com. The online portal will take possession in the coming weeks after Viadeo goes into liquidation.
Figaro Classifieds offer was approved by the commercial court because it showed the best guarantee for the sustainability of the activities sold and the offer was supported by employees and management.
Figaro Classifieds intends to continue serving substantially all of Viadeo's customers and members, who will therefore experience continuity of service.
The trading in Viadeo shares remains suspended.