Sell a business
Aussie entrepreneur Michael Giles has merged his start-up Roboinvest with an established US stock brokerage and will take the helm of the newly merged business, he has revealed.
US-based start-up success story Dropbox has acquired online photo library Snapjoy for an undisclosed sum, less than one week after its acqui-hire of music streaming service Audiogalaxy.
Fairfax Media has flagged its intention to make digital acquisitions as part of a wider strategy to transform the business from print to digital, despite offloading its 51% stake in Trade Me.
The parent company of Boost Juice has flagged franchising opportunities after acquiring Adelaide-based coffee chain Cibo Espresso, which will now be extended across the country.
Fast food chain Sumo Salad has been bought out by one of Australia's wealthiest families, with the company now planning to triple its 100 locations and even pursue a float on the ASX as it grows beyond the restaurant category and expands its brand.
Insolvency experts predict many businesses might hang on through Christmas but could struggle in the new year.
Yahoo! has acquired video chat broadcasting app OnTheAir less than two months after acquiring mobile recommendations app Stamped.
Israeli company MyHeritage has acquired long-term rival Geni.com after raising $25 million in new funding, as the genealogy industry continues to grow both overseas and in Australia.
Before you take the plunge into business ownership, do your due diligence on what’s right for you. BY OLIVER MILMAN.
The number of private businesses for sale reached a record level in the September quarter, according to a new report, which highlights how owner-operators can affect business values.
A record number of private businesses were up for sale in the September quarter, creating a unique opportunity to gather intelligence about your industry.
Yahoo! has made its first acquisition under the direction of chief executive Marissa Mayer, snapping up celebrity-backed mobile recommendations app Stamped for an undisclosed sum.
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.
The founder of crowdfunding platform Project PowerUp has set its sights on the United States after selling the business for less than $1 million, barely a year after it was launched.
Darrell Lea will continue as a confectionery brand but without its retail outlets.
The founders of chocolate retail chain Planet Chocolate have launched an ordering app aimed at small-scale food and retail franchises, after selling the business to an undisclosed buyer.