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!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Tom Allen

ARN
Show Comments

Father’s Day Gift Guide

Brand Post

Bitdefender 2019

Bitdefender’s best-in-class security solutions have been awarded Product of the Year. Get cybersecurity that 500 MILLION users already have and trust!

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?