Coupons drive M&A activity downunder
It’s feeling a little bit like 1999 in the Sydney digital startup space. Last week online giant and TV broadcaster mash-up Yahoo!7 made the next in a series of digital acquisitions, this time taking out one of the top players in the white hot coupon space, Spreets, for a handy $40 million.
Farewell, E-Com Multi
Ten months after deciding to ditch the IT industry in favour of Australia’s booming mining sector, E-Com Multi has issued the prospectus that will, once complete, see the company listed as Rico Resources.