SPH Buys ShareInvestor.com

New from last week, but it’s still news: Singapore’s largest media company, SPH has bought the largest stock investment portal, ShareInvestor.com last week.

The deal is worth $12m cash with a $6m earnout. Not too bad. But still erm a bit on a low side for 10 years of work.

I guess it’s not easy to deliver massive valuations for Singapore focused companies since there are very few suitors still.