Koos Bekker: Dear Alec, You got this one wrong

Dear Alec

I’m in Europe but was sent a copy of your article.  I fear that, while you often hit the nail on the head, you got this one wrong:

  • Johann is a friend of mine.
  • The reason we sold Nethold in 1997 was that the price bubble was building (the one that eventually popped early in 2000).   We were offered by Jean-Marie Messier of Vivendi a very rich $2 billion, more than Nethold was really worth.
  • We made a lot of money on the sale, which allowed us to then invest in the internet in various markets.

Feel free to publish this.

With best wishes,

Koos

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