Internet Group

Internet Group do Brasil (iG) is a Brazilian Internet service provider that owns and operates web portals and provides a variety of services including online banking, shopping, stock information, chat rooms, and free e-mail.[1]

Internet Group Ltda.
Subsidiary
IndustryOnline services
Founded2000
HeadquartersSão Paulo, Brazil
ProductsSocial networking
Online service provider
Online media
Revenue $149.6 million (2010)
$21.7 million (2010)
Number of employees
430
ParentOnGoing
WebsiteiG.com.br

As of March 2012, iG was the fifth-largest portal in Brazil, with 23.5 million unique monthly visitors.[2]

History

iG was founded on January 9, 2000, by GP Investments and Banco Opportunity. It gained popularity by offering free dial-up access.

In May 2004, Brasil Telecom (a subsidiary of Oi since 2009) acquired iG for approximately $100 million.[3] In April 2012, Oi sold iG to Portuguese investment company Ongoing Strategy Investments SGPS SA for an undisclosed sum.[4][2]

See also

References
  1. "Company Overview of Internet Group do Brasil S.A." Bloomberg Businessweek. Retrieved 21 June 2014.
  2. Maurer, Harry (15 April 2012). "Portugal's Ongoing Closes Deal to Buy IG in Brazil, Folha Says". Bloomberg Businessweek.
  3. "Brasil Telecom Compra o iG por US$ 100,7 Milhões". O Estado de S. Paulo. 19 May 2004.
  4. Wiziak, Julio (26 April 2012). "Ongoing assume iG na próxima semana". Folha de S. Paulo.


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