The popular satire page Haivl.com has threw out numerous jokes, but not this one: It has been acquired by leading online advertising company 24h for VND33 billion (US$1.55 million).
Vietnam APPVL Technology JSC, the registered owner of the satire page, inked the deal with 24h on Tuesday, news website VnExpress reported.
Haivl has established a big fan base among local youths, also the country’s most active Internet users, with constant updates of Vietnamese and international jokes, in both words and photos.
The page founder Vo Thanh Quang, who went to FPT University, confirmed the deal with VnExpress but refused to go into details, saying he is bound by the contract terms.
Quang, 25, said he would continue to manage the page and the current staffs would also stay.
Phan Minh Tan, general director of 24h, said: “This is a beautiful marriage.”
Tan said Haivl has all the talented staffs and thus his company won’t intervene much in their jobs.
“We consider us a big corporation that is willing to support Haivl to grow,” he said.
24h is owning a music site at nhac.vui.vn and a gaming site at game.24h.com.vn.
Commenting on the deal, an e-commerce expert said 24h plans to develop a strong entertainment mix.
A source from Haivl said they were approached by several other investors, including foreign ones, who did not accept Haivl’s price offer though.