Yes, Niclas seems to part away from daily management and towards strategy / advisory roles. First for 3k, then for this blog network.
And then there is Blomberg, Chairman of the BOD and a venture capital veteran. He likely has the VC look on things: To have an exit strategy firmly in place even before you enter a deal! What could an exit strategy be?
1) IPO - or in UCPA's case listing on a higher exchange 2) Sale to another entity for cash 3) Merger with another higher listed entity for shares (indirect cash out) 4) Going private, reorganization and sale at a later stage.
I exclude 4) because they would and should have done a going private a long time ago if they so planned. The reorganization is progressing and growth rates are impressive. It would become prohibitively expensive at this point to convince shareholders to hand in their shares. I also believe that 1) is unlikely because they show no real interest in the stock market. Would current managemet go through a lengthy process of uplisting?
So, I believe the company will be sold or merged within the next 5 years. Just as they had planned with Tradedoubler when AOL bid 900m in 2007, but rejected when faced with resistance from within the company. This time they have all the control... http://online.wsj.com/news/articles/SB116885425147976782
News 
Market Data 
Discover 
