I just read this here:
http://techloy.com/2011/10/04/is-nairalist-finally-dead-heres-why-it-may-be-dead/

So what really happened?

hint hint?

Heard Seun did not want to sell it for around $200,000 aprox N30 M to MIR the owners of dealfish. I guess he's regretting it now.

It doesn't look to me like an outright sell out. More like a partnership for 30mill. Lol someone called it internet macho stunt gone wrong.

With 30m, I would not only sell, but use part of the money to invest in another venture that I could hopefully sell for another 30m in the future.

As we say in my language (loosely translated): God no dey give "bad" animal (like lion) horns.

Carrramba! Well, the dealfish people did made a difference. . .

30mill for a project that probably wont cost me more than 200k to set up which i believe aint more than 4 years. 30million? I go sell am and even sell the people wen they work for the site. Lol

lwkmd!!

Maybe Seun should think of selling nairaland to me for 50k before its too late.

instinctg:

Maybe Seun should think of selling nairaland to me for 50k before its too late.

now this cracked me up, really?

Haba! The site is work more than that na?

Nairalist has been down for a long while. Gives Dealfish the opportunity to thrash them hands down

he prolly read the article "Mark Zuckerberg" the kid who turned down a billion dollars, the thing is his browser translated the article into an ancient indian language called sanskrit. Hence he did not get the memo of why he turned it down

You mean to say he was behaving like an Actor?

databoy247:

30mill for a project that probably wont cost me more than 200k to set up which i believe aint more than 4 years. 30million? I go sell am and even sell the people wen they work for the site. Lol

looool. .

+100000000000000000000000000000

Seun is a smart guy. I'm sure he would have sold it for N30m and opened 30 libraries.

The comments here reveal the offer was N2.5m for 60% of Nairaland (or Nairalist?):

http://techloy.com/2011/07/26/exclusive-mih-wanted-to-buy-nairalist-but-seun-osewa-said-no/

Sounds like slavery. They want Seun to work for them? Wont be surprised if they threw in clauses to facilitate the takeover of NL.

On a sidenote, how much are the top ten sites in Nigeria worth? Not those online valuations o!

Say, if Seun wanted to use NL as collateral, how much loan can he get? N30M sounds too much.

@yawatide: wetin lion wan take horn do? I no understand ya proverb.

Bitter lesson learnt the hard way.

Slyr0x:

looool. .

+100000000000000000000000000000

@Slyrox, name me a good web host you know won't disappoint(payments in Naira)!

Please.

Dealfish/Naspers has never ever offered me any money for Nairalist. Loy Okezie is just a chronic liar.

lols but seun, why do you keep removing my posts on the politics zone? any good reason?

m_amosville:

lols but seun, why do you keep removing my posts on the politics zone? any good reason?

Very simple, he owns the freaking forum. . .

Seun, what happened to Nairalist? You don't tell us a statement is false and not give us something to fall back on.

Dual Core:

Seun, what happened to Nairalist? You don't tell us a statement is false and not give us something to fall back on.

Lawsuit! Oya seun, answer us o, we want to know the truth.

I have heard so many versions of reasons why and how nairalist died. . . .i wonder which one is correct. . .

Think he said somewhere that it was eating into his precious time. More reason i believe he'd have sold.

Said he finished his first web app after closing it.

My take: Why not consolidate and automate? There should be a Nairaplex by now.

Dont think FaceBook, Yahoo or Google got there this way.

Chiefo, what are the current challenges?

Eating into precious time - i heard that part too. . .

Seun, we all need you to talk on this issue.
Silence is not golden in this case.

I think we should close this thread cos the only person to answer this question hasn't said anything about his site lately.

90percent of internet businesses die within two years. Nairalist managed to survive a bit longer. But it was the 90 percent thing that happened to it.

Let's be realistic with our statistics please.

Are we saying that nairalist is dead or dying? Caramba! Where is that boy seun?

The initial decision to freeze was for a specific purpose, but the purpose didn't really materialize.