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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.
Telecommunications giant Optus is ramping up its involvement in the start-up sector after acquiring Sydney-based food site Eatability for $6 million.
US-based accommodation website Airbnb has “acqui-hired” Y Combinator start-up DailyBooth for an undisclosed sum, in what is believed to be Airbnb’s first acquisition.
PayPal co-founder and Facebook backer Peter Thiel has made his first investment in an Australian company, leading a $1.2 million round for a stake in Sydney tech start-up ScriptRock.
Software giant VMware has acquired Californian cloud start-up Nicira for a staggering $1.26 billion, in a deal that is expected to have major ramifications for technologies in the sector.
Tech giant Google appears increasingly willing to tweak its software to run on arch rival Apple’s hardware, after acquiring a start-up that develops email applications for Apple devices.
Almost one-fifth of entrepreneurs start their business as an investment strategy for the future, according to the latest MYOB research, while 18% start up because they want a seachange.
Online payments provider PayPal has acquired US-based start-up card.io, but insists card.io’s software development kits for iOS and Android will continue to remain available for developers.
Billionaire speculator Warren Buffett has given away $13,000 worth of highly-prized shares in his company, Berkshire Hathaway, to a group of budding entrepreneurs aged under 16.
Start-ups need to “recognise the tradeoffs” with regard to acqui-hires, according to tech start-up expert Mick Liubinskas, after Facebook snapped up the team behind mobile content-caching start-up Spool.
Australian-founded mobile solutions provider 5th Finger has been acquired by customer relationship management firm Merkle, five years after relocating from Sydney to the US.
Australian start-up success story Freelancer.com has added another company to its portfolio, acquiring Canadian freelance marketplace Scriptlance, as it seeks to enhance its global presence.