Czech internet search engine is up for sale

Media reports are suggesting that the Czech Republic’s oldest and most popular search engine Seznam.cz is up for sale. Details remain sketchy, but the suggestion is that the founder and majority shareholder Ivo Lukačovič along with minority partners Tiger Holding Four and Miura International are preparing to sell their stakes in the company. Estimates for the possible value of the company have gone as high as one billion US dollars. Seznam is only one of four national search engines in the world that has dominance over the US company Google.