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The Australian online auction space is a hive of activity at the moment. eBay Australia is making big site changes, Tradingpost Auctions launches and now we hear the second biggest online auction site in Australia, Oztion.com.au, has been acquired today by Jumbuck Entertainment for $1million in cash, and $1million in Jumbuck shares. Earn-out is based [...]

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Since eBay Australia’s announcement that Paypal will be the only allowable payment method on the site (apart form cash on pickup, and credit card via Paypal), competitor Australian auction site Oztion has seen a large jump in daily site registrations. According to Oztion, … daily new member registrations has jumped by more than 250% since [...]

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