E27 Singapore blog has decided to do the unthinkable by topping BlogTycoon Mike ‘Got Splashed With Latte By Facebook Kids‘ Arrington’s offer to buy SgEntrepreneurs by $5k.

“With the US dollar at one of it’s lowest points, it’s actually not too difficult to come up with more money than mega blog tycoon Arrington.” Said Vinod Nair, Co-Founder of E27 and CEO of Homespace.sg.

The offer that TechCrunch has offered significantly undervalues the future potential of SgEntrepreneurs. It’s like Microsoft offering to buy Yahoo! for only $31. Or JP Morgan Chase offering to buy Bear Stearns for $2.

“Yah lor, these Americans, think that when they come to Singapore, everything is ‘cheap-cheap-cheap’. Don’t forget hor, in this land, inflation is 6.5% per month! By the time since Techcrunch’s offer was announced, SgEntepreneurs has already risen in value due to combo of inflation and the ever strengthening Sing dollar.” Said Royston Tay, Co-Founder of E27 and ZopIM.

Indeed, strategic fit was deemed as an important factor by the new offerers.

“We think that it’s a better fit for a truly Singaporean outfit to buy SgEntrepreneurs than to have some Americans in a far away town called Atherton buy this lovely local blog.” Said Bjorn Lee, another Co-Founder of E27. “Afterall, all these Americans will do is twiddle their thumbs and hope to consolidate properties for a sale in future. Only Singaporeans will truly understand the language of SgEntrepreneurs.”

“Yes, for old time’s sake, we think it’s a good idea to have SgEntrepreneurs under the umbrella of E27 rather than have it go to Mike Arrogant.” Said Garry Huang who has old ties with SGE.

Open Letter to all SGE Readers and Shareholders:

Dear SGE Reader and Shareholders,

Please kindly reject the offer by TechCrunch to purchase SgEntrepreneurs either by Proxy or in Person. This is because the offer severely undervalues the existing value of SgEntrepreneurs which has risen significantly since this morning due to inflation, a strengthening Sing dollar and slightly more readership from their stats tracker.

We believe that an external acquisition like this will do more harm to SgEntrepreneurs than good because you will then be subject to reading more news which has an American slant. Foreign influence in local matters are not desired in Singapore. What’s more, the local flavor of SgEntrepreneurs will forever be lost because it takes many years of training just to learn Singlish.

We believe it’ll be more interesting to have local issues covered by truly locals.

Thank You, E27 Team.

Former foreign talent turned Singaporean, Nikhil Hegde, who came to Singapore to do NS and get his citzenship agrees, “I had to slog through BMT and 2.5 years of NS to be accepted into Society. Now I know how to swear in hokkien, pickup girls using Singlish. It takes a tremendous amount of effort to adapt to Singaporean society! I’ll stop reading TechCrunch.”

As evidenced by the above quote, the rising sentiment of nationalism against a foreign takeover has begun to take root…