Lauta Media Ltd. Valuation Plummets Nearly 40% Following Botched Sale

Sopsy, the founder of the once-popular Finnish imageboard Ylilauta, is at the center of a growing scandal involving allegations of financial misconduct. The controversy erupted after it was revealed that Sopsy and his partners allegedly inflated the value of the site during negotiations with a Finnish millionaire who was interested in purchasing a majority stake.

The negotiations initially involved the Finnish millionaire purchasing a 60% stake in the imageboard for a price based on a €5 million valuation. However, the deal ended up falling apart, as reported previously by Camoradar.

New developments suggest that the owners may have deliberately misrepresented the company’s worth during the sale process.

Lauta Media Ltd. gets valued nearly 40% lower just two weeks after the owners fumbled a high-profile sale

The latest bombshell comes from a document submitted by Sopsy to the Estonian authorities, where he estimates his 32% stake in the company to be valued at €1,016,000. This valuation suggests that the entire company is worth approximately €3.2 million—significantly lower than the €5 million initially proposed during the negotiations.

The new valuation represents a 36% decrease from the original €5 million figure. This substantial gap has raised questions about whether the initial valuation was intentionally inflated to deceive the prospective buyer.