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Yahoo7 Purchases Group Buying Site For $40 Million

Yahoo7, which is the product of a partnership between Yahoo and the Seven Network in Australia, is now also part of the group buying phenomenon.  Yahoo7 announced today that it’s acquired Spreets, a group buying site with 500,000 members.

Yahoo7 Acquires Major Travel Site
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The company that represents a 50-50 partnership between Yahoo and the Seven Network Limited, which is one of Australia’s largest media groups, is on the move.  Yahoo7 acquired Totaltravel.com for perhaps about $17 million.

Yahoo’s Australian Arm Gets Leg Up In Mobile Market

Fair warning: American readers aren’t likely to know a lot of names here.  But Yahoo7 (the product of an Australian partnership between Yahoo and the Seven Network) and Telstra (an Australian telecommunications company) have been bound together by an important new mobile search agreement.