Spreets acquired by Yahoo!7 for $40 million
By David Olsen · 20 January 2011 · Entrepreneur
By David Olsen · 20 January 2011 · Entrepreneur
Spreets, a popular Australian daily deals site, has been acquired by a major online media company for a whopping $40 million. But what does this deal mean for the future of online shopping in Australia?
Spreets, one of the many Groupon clones to startup in Australia has been bought online media company Yahoo!7 for around $40 million in the wake of similar deals by Channel Ten with OurDeal last year and rival NineMSN backed Cudo.
Tags: Cudo, Groupon, Network Ten, OurDeal, Spreets, Yahoo!, Yahoo!7