DealsDirect.com.au acquires DinosaurDeals.com.au
DealsDirect.com.au, Australia’s largest online retailer has announced the acquisition of DinosaurDeals.com.au.
I suspected we might see some form of consolidation in the online space this year, and there could be more to come in future, although the press release indicates that perhaps you need some special business qualities to encourage an acquisition to take place. I fear that there are too many copycat sites in the market that aren’t unique enough, or don’t have enough special qualities in their makeup to put themselves in a great position for future purchase.
In any case, here is the full press release (provided courtesy of Chris Hitchen of Getprice, http://twitter.com/hit_ch): (more…)