Portal site looks for partner, but Prokom not a shoe in

The company, "is in discussions with many potential investors," from the information-technology sector said WP managing director Marek Borzestowski. He added the company will sell a stake, "for sure by the end of this year." The size of the stake to be sold is under discussion, Borzestowski said. He said WP is looking to an investor more for know-how in the industry and less for financial backing. The firm's financial adviser, Krakow-based brokerage house Penetrator, has estimated WP to be worth $10 million to $20 million, Borzestowski said. WP is a wholly owned subsidiary of Centrum Nowych Technolgii (CNT), a Gdansk-based internet company. WP is following a slightly different path than some of the U.S. portal sites it is often compared with such as Yahoo! and Excite, Borzestowski said. While those sites first found financial investors and only later sought out strategic investors, WP wants to skip the first step. (Warsaw Business Journal, page 1)