Technology news and Jobs arrow Technology Industry arrow Chatty operator picks up auctioneer
Chatty operator picks up auctioneer E-mail
by Stephen Withers   
Tuesday, 03 June 2008
"Joining forces with Jumbuck will help us grow OZtion and continue to improve the range of services we offer buyers and sellers," said Druce.

"Jumbuck is a strong, highly profitable company with reliable established products. This will give OZtion users further confidence in using our auction service."

The deal involves an upfront payment of $A1 million plus $A1 million in Jumbuck shares. Additional earn-out payments are part of the contract. Not bad for a company that's been in operation for less than two and a half years.

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