Ninemsn grabs a piece of Ozbuy.com

Ninemsn has announced it is to take equity in one of its ecommerce tenants, etailer ozbuy.com.

Discussing the equity agreement with ninemsn, Michael Glezerson, managing director and co-founder of ozbuy.com, claimed it is a strategic alliance with benefits other than real estate on its website.

The size of ninemsn's stake is undisclosed but it is described by Glezerson as "substantial".

According to Glezerson, there have been a number of companies looking for equity in the operation, but while there was no real need for additional funds, "it helps to have another substantial business partner".

Glezerson denied there was any pressure to hand over equity in the technology store to retain a presence on the site, although he added that the alliance with ninemsn will afford further promotional opportunities. And there was no suggestion of exclusivity about the arrangement.

"They have actively encouraged us to be on other sites," Glezerson said. He claimed that sales have been doubling every month since the site launched in October.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Tom Allen

ARN

Comments

Comments are now closed.

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?