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Current owner, Australian Stock Exchange Listed (ASX) listed Jumbuck Entertainment, said that OZtion no longer make sense given its new strategic focus on mobile technologies.
Given that Jumbuck bought OZtion from its owners just two years ago in a $2million cash and share deal, it may also be the case that the little Aussie auction site wasn’t actually contributing anything to Jumbuck’s profits.
http://www.ecommercereport.com.au/?p=1114
Seems they are making a move into selling parts and accessories..