Vietnam’s leading entertainment website Haivl.com is believed to have been acquired by 24h Online Advertising JSC at VND33 billion ($1.56 milion) last week, although the founder has publicly termed the exercise an investment.
According to Vnexpress, 24h Online Advertising JSC, the operator of www.24h.com.vn acquired Haivl on October 8, a move one could consider strategic in the era of the local Internet boom.
However, contrary to the rumors in the technology sphere, Haivl founder Vo Thanh Quang has came out to say on ICTnews.vn that he did not sell his page to the online advertising giant and that the deal was merely an investment.
Quang refused to elaborate further on the deal, citing confidentiality of the agreement.
This investment, if confirmed, marked 24h JSC’s second acquisition, after that of TimViecNhanh.com – the third largest Vietnamese job-advertising virtual engine.
Founded in 2012, Haivl.com is one of the most popular Vietnamese websites, with large visitor traffic and high interactive level. The website currently generates approximately VND 800 million ($37,700) monthly.