ToyBarn.com.au acquired by DealsDirect

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Another buy out.. and another 20,000 customers for DealsDirect:

Online department store giant DealsDirect has made another investment in an online start-up, buying ToyBarn.com.au for an undisclosed amount and company chief Paul Greenberg suggested more acquisitions of small retailers will come as start-ups find themselves lacking momentum.

The investment comes as media giant Fairfax is looking to expand its digital portfolio, with a new report claiming the company is considering an investment in private selling site OzSale that would value the company at $120 million.

http://www.smartcompany.com.au/inte...toy-site-but-talent-the-main-acquisition.html