El sitio
Encyclopedia
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.
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%.
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
, El Sitio
El sitio
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.-Company history:...
was considered one of the principal Spanish language internet companies of the late 1990s dot-com boom.
Company history
El Sitio went public on NasdaqNASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
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
El sitio
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.-Company history:...
lost almost all of its market value on Nasdaq
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
.
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
Cisneros
Cisneros may refer to:*Cisneros, Palencia, a municipality in Castile and León province, Spain*Cisneros , people with the surname Cisneros...
owns 44.8% of Claxson and Dallas-based private equity fund Hicks, Muse, Tate & Furst holds 35.2%.