Yahoo7 buys Spreets, bubble inflates

In a deal reportedly worth $A40 million, the old-new media hybrid Yahoo7 (jointly owned by Yahoo! and the Seven Network) has acquired the Australian group-shopping site Spreets. The price has invited media speculation that group buying sites are forming a bubble. Spreets, after all, is only a year old. However, it claims 500, …

[Pat 3]

You forgot...

http://www.yellowpagesoffers.com.au/

Have a look at recent offers to see how successful it's been so far

[beep54]

New monetary system??

What the heck is $A40 million in terms we can actually understand, eh??

:)