|Tue June 3 2008 08:08:21|
Jumbuck Buys eBay Australia Rival OZtion
By: Ina Steiner
Jumbuck Entertainment, an Australian provider of mobile services, has acquired OZtion, the online-auction site in Australia that has been the beneficiary of recent member unrest at eBay Australia. (See today's Newsflash article.) An Australian governmental agency is still reviewing whether to allow eBay's move to a PayPal-only policy in mid June.
Jumbuck cites an M:metrics report that says US mobile users spent more time browsing auction sites on their mobile than any other site. It already has an online-dating search engine for singles (Fast Flirting), so why not a mobile-enabled auction site?
Is this a good move for auction sellers in Australia, providing OZtion with funding, stability and more exposure? Or is OZtion selling out? What do you think?