Sell a business
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.
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.
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.
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.