05Sep

Car fanatic cashes-in: Blog started by a 21-year-old that grew into the Car Advice website sells for $35million

  • The CarAdvice website started as a car blog in 2006 by a 21-year-old
  • Alborz Fallah started it in his parents’ Brisbane home and it became a site
  • Now the website has an annual turnover of $15m and has about 40 staff
  • Channel Nine acquired a majority stake after making an offer of $35m
  • The 21-year-old was just nine when he came from Iran to Australia 

By Tanya li – For Daily Mail in Australua 

The CarAdvice website, which was obtained by Channel Nine for $35 million on Thursday, came from humble beginnings.

When Alborz Fallah started a car blog a decade ago at 21 in the spare bedroom of his parents’ Brisbane home, little did he know it would grow into a website with an annual turnover of about $15 million.

Nine Digital acquired a majority stake in the website after making an offer to shareholders who voted to accept the offer in a meeting in Sydney, news.com.au reported. 

When Alborz Fallah (pictured) started a car blog a decade ago at 21 in the spare bedroom of his parents' Brisbane home, little did he know it would grow into a website with an annual turnover of about $15 million

When Alborz Fallah (pictured) started a car blog a decade ago at 21 in the spare bedroom of his parents’ Brisbane home, little did he know it would grow into a website with an annual turnover of about $15 million
No longer the majority stakeholder: Nine Digital acquired a majority stake in the website after making an offer to shareholders who voted to accept the offer in a meeting in Sydney on Thursday

No longer the majority stakeholder: Nine Digital acquired a majority stake in the website after making an offer to shareholders who voted to accept the offer in a meeting in Sydney on Thursday
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