ninemsn Buy 35% of iSelect
Andrew Pascoe mentioned this. There is no link, but it's interesting to see ninemsn (in last fortnight/week) making full acquisitions (HWW) and take minority stakes in businesses (35% of iSelect - health insurance comparison engine) If anyone knows I'd be interested in capital invested $, valuation $, and advertising support $ with Eddie :) So who will Fairfax buy next ? :D
posted by redbarren at 10:52 PM
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An article is here in AdNews, but is likely walled off http://www.adnews.com.au/pre_news.cfm?NewsID=1694
From that article: According to ninemsn, the total value of the company is listed as $40 million, meaning ninemsn has acquired an approximate $13 million share in the company.
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