RealTime IT News

Aussie Online Shareholders Approve New Acquisition

Aussie Online shareholders have approved the acquisition of Internet real estate and rental operator, Commerce Australia, and raised AUS$5 million (US$3 million) through a share placement with European investment group Investa AG.

The company said the deal is part of its plan to develop a suite of complementary, vertically integrated portals alongside its existing aussie.com.au business directory site, creating opportunities for new revenue streams and e-commerce offerings.

The Commerce Australia site is integrating two additional portals - Rentfind and Rentshare - into the Realty Online site, all of which will be incorporated into the industry specific Aussie Online portal.

We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.