Buy a business
Queensland entrepreneur Jason Healy launched electronic cigarette maker blu eCigs in 2009, later selling it for $US135 million. Here’s how a true-blue Healey rounded up a fortune in Charlotte, North Carolina. BY OLIVER MILMAN.
Microsoft is in talks to acquire US-based digital music service Rdio, a start-up created by a co-founder of Skype, it’s been reported.
Facebook has acqui-hired the founders of Y Combinator start-up Carsabi, who are attempting to sell the service to focus on their new jobs, which could include Facebook’s new “Gifts” feature.
A liquidator has been appointed to the company behind the Bean Bar coffee shop franchise.
Woolworths has offloaded non-core retail chain Dick Smith to a private equity firm.
eBay sellers are tipped to benefit from eBay’s acquisition of Pinterest-style shopping start-up Svpply.com, with the auction giant insisting the deal will allow it to offer more merchandising options.
In some situations, there are important reasons to buy an existing business rather than start a new one. But be warned: There are a few pitfalls to watch out for. BY MARC PESKETT.
Entrepreneurs who invest in a franchise with unrealistic expectations can find themselves in for a nasty surprise. If you’re thinking about becoming a franchisee, here are some key points you must be aware of. BY ALEXANDRA CAIN.
BuzzNumbers, a social media tracking start-up launched by prominent tech scene figure Nick Holmes a Court, has been purchased by Sentia Media.
Retail Food Group has added another pizza chain to its roster with the purchase of Crust.
A small Sydney start-up is looking to break the eBook hegemony of tech giants Apple and Amazon by raising funds and expanding rapidly in Australia, the US and Europe.
Wai Hong Fong, co-founder of successful online retailer OzHut, has quit as managing director of the company and sold his stake to his former business partner.
Australian start-up 99designs has opened the doors of its Berlin office after making its first acquisition in German design marketplace 12designer, one year after raising $35 million.
Start-up accelerator 500 Startups will expand its reach after acquiring Latin American accelerator Mexican.VC, but a local expert says it could be a while before something similar happens in Australia.
The appointment of receivers to Pets Paradise this week did not include stores operated by franchisees, but franchising experts warn there are still difficult times ahead for franchisees.
Queensland-based coffee franchise Zarraffa’s Coffee will seek out franchisees for the five drive-thru sites of One for the Road, a WA specialty coffee chain that has been purchased by the company.
Keeping in mind the potential value of your business will help you stay on track to building a business that can be sold for a good price. BY GREG HAYES.
Google has acquired New Zealand-founded social media start-up Wildfire for a reported $US250 million, with the start-up expected to help Google expand further into social media.
What are your options when a big company comes knocking with a nice set of numbers and a contract to sign? It’s a dream for some and a tricky proposition for others. BY LEON GETTLER.
Start-up incubator BlueChilli has made its first full acquisition of a venture, snapping up Vividways, an app designer and developer that specialises in loyalty programs.