Founded 1997 | ||
El sitio is a Latin internet portal founded in 1997, by Roberto Vivo-Chaneton and Roberto Cibrian-Campoy. Founded in Argentina, El Sitio was considered one of the principal Spanish language internet companies of the late 1990s dot-com boom.
Contents
Enguidanos el sitio de mi recreo
Company history
El Sitio went public on Nasdaq under symbol LTCO on December 10, 1999, in an IPO consisting of 8,200,000 common shares at a price of $16 per share.
During the .com bust of the 90s, El Sitio lost almost all of its market value on Nasdaq.
In 2001, El Sitio was merged with Ibero-American Media Partners II Ltd. to create Claxson Interactive Group Inc. (OTC BB: XSON)
As of late 2005, Venezuelan media group Cisneros owns 44.8% of Claxson and Dallas-based private equity fund Hicks, Muse, Tate & Furst holds 35.2%.
References
El sitio Wikipedia(Text) CC BY-SA