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.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Tom Allen

ARN
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?