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Idealog—in the ideas business

  • TradeMe consolidates its automotive dominance with MotorWeb buy

    2013-12-12 11:04:28 // | 1 comment
    TradeMe has entered into an agreement to buy MotorWeb for $19.5 million in cash. TradeMe chief executive Jon Macdonald said MotorWeb had a lot of potential to complement TradeMe motors, "and will give us the chance to broaden and deepen the products and data we provide in relation to motor vehicles".
  • Debitsuccess deal paves the way to the UK

    2013-12-05 12:40:13 // // The Idealog Blog
    New Zealand-based Debitsuccess has bought up direct debit billing provider DFC in the UK, capping off a year of growth.
  • Torpedo7 the latest string in The Warehouse's 'multichannel' bow

    2013-03-04 09:41:18 // | 1 comment
    It was just a couple of months ago that The Warehouse picked up Noel Leeming Group for $65 million and now it's set to spend up to $33 million on online sporting gear retailer Torpedo7 .
  • Heinz – and Wattie's – falls into Buffett's hands

    2013-02-15 09:25:08 //
    Beloved Kiwi brand Wattie's will soon be owned by US investor Warren Buffett, whose company Berkshire Hathaway company and Brazilian private equity firm 3G have teamed up to buy HJ Heinz Co for a total of US$23.2 billion ($27 billion).
  • Unified Inbox makes its first acquisition

    2013-02-08 09:22:48 // // The Idealog Blog | 1 comment
    Kiwi startup Unified Inbox has made its first acquisition, buying iPhone app HelloInbox for an undisclosed sum.
  • eBUS: the latest NZ tech firm in offshore buyout

    2013-02-04 12:55:21 //
    Local company eBUS, which offers a cloud-based TV ad delivery system, is the latest in a string to be bought up by an overseas firm.
  • Comvita adds another olive estate to its inventory

    2013-01-24 10:03:38 //
    Global natural health and beauty product company Comvita has bought a 200 acre organic olive estate in Queensland and plans to increase its production of of olive leaf extracts by 130 percent over the next five years.
  • Today in acquisitions: TradeMe snatches up holidayhomes, Smartpay swallows Viaduct

    2012-12-13 09:53:14 //
    Fairfax-owned TradeMe has a pretty firm hold on the property listing market, and that's about to expand with its purchase of holidayhomes.co.nz.
  • The Warehouse bets on Noel Leeming

    2012-12-10 09:19:24 //
    The Warehouse is paying $65 million to acquire the Noel Leeming Group and its 92 stores in a bid to boost its consumer electronics offerings and, no doubt, its flagging share price and profits.
  • Endace mulls takeover offer

    2012-12-06 10:19:39 //
    US-based enterprise tech company Emulex has reached out to Endace with a cash bid and secured lock-up agreements with chairman and co-founder Dr Ian Graham and chief executive Mike Riley. The board has also expressed support for the deal and is recommending shareholders accept it.
  • Givealittle snapped up by Telecom

    2012-11-22 09:25:10 // | 2 comments
    The Telecom Foundation (the telecommunications company's charitable arm) has bought online giving platform Givealittle.co.nz and is making the fundraising service entirely free.
  • Emendo catches eye of Fortune 500 company

    2012-11-08 09:00:39 //
    In the latest case of a Kiwi buyout, Christchurch IT company Emendo is being acquired by Fortune 500 business McKesson.
  • UPDATED: Lion gets crafty with Emerson purchase

    2012-11-07 10:12:01 // | 1 comment
    Emerson Brewery in Dunedin has been sold to Lion.
  • End of an era for F&P as Haier takes control

    2012-11-07 09:19:57 // | 3 comments
    It's the end of the road for Fisher & Paykel. Yesterday, Haier secured ownership of more than 90 percent of F&P Appliances' shares, which grants it the right to delist the company from the NZX.
  • Ninja Kiwi absorbs Digital Goldfish

    2012-11-02 10:42:05 //
    Local game developer Ninja Kiwi (which we reckon just might have one of the best business names in the country) has bought a Scottish company with an almost equally awesome name – Digital Goldfish.
  • Freeth goes free as TelstraClear takeover gains ComCom approval

    2012-10-30 15:21:18 //
    TelstraClear's Allan Freeth is leaving the company now that its acquisition by Vodafone has gotten the green light from authorities.
  • SublimeNZ shacks up with PPR

    2012-10-24 09:34:02 // // The Idealog Blog | 4 comments
    Experiential marketing agency SublimeNZ has been swallowed up by Professional Public Relations, in what's being touted as a "natural partnership".
  • Haier's F&P takeover deal: All sewn up?

    2012-10-19 09:39:10 // | 3 comments
    Haier's bid for Fisher & Paykel Appliances now looks to be a done deal – it's upping its offer to $1.28 a share, which it says has been accepted by shareholders ACC, AMP Capital Investors and Harbour Asset Management.
  • F&P directors knock back Haier takeover bid

    2012-10-04 09:00:55 //
    Fisher & Paykel's independent directors have come out fighting, urging shareholders to reject Haier’s takeover offer.
  • Comvita boosts beehive base with latest buy

    2012-10-02 10:18:55 //
    Comvita's latest buy is Whanganui-based Kiwi Honey, which it picked up last week for a confidential sum.
  • Haier puts a price on F&P takeover offer

    2012-09-12 10:27:06 // | 2 comments
    On Monday news broke that China's Haier had approached our own Fisher & Paykel about a potential takeover offer. And yesterday it publicly put a figure to the offer: $1.20 a share.
  • Beetil the latest in a line of Kiwi tech buyouts

    2012-09-11 12:39:32 // | 1 comment
    Wellington's Beetil has been acquired by Citrix and will join the organisation immediately, joining a roll call of New Zealand tech companies bought by US businesses.
  • F&P shares soar following Haier takeover approach

    2012-09-10 10:27:51 // | 6 comments
    It's one of our most iconic Kiwi companies, but Fisher & Paykel could fall into foreign hands if overtures by 20 percent shareholder Haier progress further.
  • Kiwi-founded social media company Wildfire goes to Google

    2012-08-01 10:26:06 // | 1 comment
    Wildfire, a social media marketing company started four years ago by Kiwi Victoria Ransom, has been bought by Google for a reported US$250 million.
  • VnC Cocktails in acquisition talks

    2012-07-26 09:55:30 // | 1 comment
    VnC Cocktails, an Auckland company born in the wake of vodka brand 42 Below's sale to Bacardi, could soon be sold to New York's Panache Beverages.
  • Xero's latest acquisition a 'compelling' one for accountants

    2012-07-23 09:39:27 // | 1 comment
    Xero has bought Wellington-based software developer Spotlight Workpapers Limited, strengthening its offering for accountants and bookkeepers.
  • Vodafone's TelstraClear purchase shakes things up

    2012-07-13 09:12:35 // | 1 comment
    The $840 million sale of TelstraClear to Vodafone includes a non-compete clause, and as part of the deal, Vodafone will continue service to TelstraClear's roughly 200,000 customers.
  • Vodafone acquires TelstraClear for $840m

    2012-07-12 11:00:48 // // The Idealog Blog
    Telco move will see Telecom and Vodafone go head-to-head
  • Vodafone makes overtures to Telstra

    2012-06-06 10:03:14 //
    Telstra is in talks with Vodafone to sell its subsidiary TelstraClear – a move that's likely to draw close scrutiny from the Commerce Commission.
  • Zeacom bought out by Canadian outfit

    2012-06-05 09:46:50 //
    Canadian software firm Enghouse Systems Limited has acquired local tech company Zeacom Group Limited for US$30.6 million ($40.5 million).
  • James Cameron snaps up yet more Wairarapa farmland

    2012-05-31 11:39:06 //
    Filmmaker James Cameron has been cleared to expand his land interests in the Wairarapa by the Overseas Investment Office.
  • TradeMe brings AutoBase into the fold

    2012-04-30 14:40:33 //
    Since 2003, TradeMe and vehicle listing aggregator AutoBase Limited have had a cosy exclusive business arrangement in place, and today the Fairfax-owned giant entered into an agreement to purchase the latter outright.
  • Sonar6 in multimillion dollar US buyout

    2012-03-09 14:09:38 //
    It's all go this month at Auckland-based Sonar6, where they're finalising a US$14 million deal with a Californian buyer.
  • Xero announces acquisition, raises another $20m

    2012-02-03 09:32:32 //
    Cloud-based accounting firm Xero has bought software developer Max Solutions in full, acquiring the 84 percent that it didn't already own.
  • ShapeNZ sold to Horizon Research

    2012-02-02 17:10:02 //
    Horizon Research Limited has taken the ShapeNZ research service off the hands of the Sustainable Business Council (SBC).
  • Kiwibank swallows up Gareth Morgan's investment firm

    2012-01-18 12:07:12 //
    Kiwibank is buying Gareth Morgan Investments, the funds management company owned by high-profile commentator and economist Gareth Morgan.
  • epay sets sights on acquiring Ezi-Pay

    2012-01-18 10:35:25 //
    epay has applied to the Commerce Commission for clearance to acquire Ezi-Pay Ltd.
  • Maui gets fruity with Freshmax majority interest

    2012-01-16 10:18:02 // // The Idealog Blog
    Maui Capital, a New Zealand private equity group, has bought a majority stake in Australasian fruit and produce company Freshmax.
  • Bayer-Bomac combo produces animal health behemoth

    2012-01-11 11:15:35 //
    As a country, we’re big on animals. From our reputation as a farming nation to our love of the humble household pet, animal welfare is big on the agenda for most Kiwis and now we have the company to match.
  • UPDATED: ReadWriteWeb sold to online giant SAY Media

    2012-01-09 13:54:43 //
    The Kiwi founder of tech blog ReadWriteWeb says its buyout by SAY Media will take the website to the next level.
  • LanzaTech scoops up foreclosed US biofuel plant

    2012-01-09 10:05:23 // | 1 comment
    LanzaTech has acquired a US biofuel plant in a foreclosure sale as part of a government-approved liquidation.
  • Cerebos refuses to budge on Comvita offer

    2011-12-06 10:57:45 // | 1 comment
    Cerebos says it won’t lift its $2.50-a-share offer for Comvita and that the valuation range given by an independent adviser is not justified.
  • Burger King operator sells for $108m

    2011-11-30 11:35:25 // | 1 comment
    The Overseas Investment Office has approved the acquisition of Anchorage New Zealand – owner and operator of Burger King – by Tango New Zealand for more than $100 million.
  • Comvita urges shareholders to have faith

    2011-11-22 12:04:04 //
    The directors of Comvita, New Zealand’s number one seller of manuka honey, are urging shareholders to reject a takeover bid by Cerebos.
  • HaloIPT off to the UK

    2011-11-14 14:18:44 // | 2 comments
    Wireless car charging tech pioneer HaloIPT is off to the UK after being acquired by mobile equipment heavyweight Qualcomm.
  • Otago student gets big break as Delicious snaps up Trunk.ly

    2011-11-11 10:04:21 //
    Otago Polytechnic student Alex Dong has just scored the break of his life – the creators of YouTube have acquired his online social network tool, developed with business partner Tim Bull.
  • Comvita snaps up Waikato beeyard as manuka demand increases

    2011-11-04 10:42:39 // // The Idealog Blog
    Health and beauty company Comvita has bought Te Awamutu-based apiary Waikato Honey Products to increase its supply of manuka honey.
  • Orion buys up Microsoft health software

    2011-10-17 10:14:44 //
    Orion Health has acquired Microsoft’s hospital information software (HIS) assets and has announced intentions to work together to co-market their products.
  • Auckland robotics company rounds off 'turbulent' year with megadeal

    2011-09-15 17:25:30 //
    It's been a turbulent year for Albany-based CleanFlow Systems; just after the opening of its new R&D facility, cofounder and chief technical officer Geoff Logan was killed in a plane crash off Orewa Beach in March. But now the high-tech firm has signed a multi-million dollar deal that will see it acquired by US-based RedZone Robotics.
  • Fonterra takes over Indian pharmaceutical firm

    2011-09-01 10:24:27 //
    Dairy giant Fonterra is extending its footprint in the global pharmaceutical market with the acquisition of an Indian-based manufacturer.
  • Skyline expands brand portfolio with Totally Tourism purchase

    2011-08-30 10:11:03 //
    Skyline Enterprises – perhaps best known as the operator of the Gondola restaurant and luge in Queenstown – is to purchase fellow tourism and adventure company Totally Tourism.
  • Avanti to double turnover with acquisition

    2011-08-22 15:26:21 //
    It's 25 years since wholly Kiwi-owned brand Avanti first launched, and if that wasn't an auspicious enough milestone, the company is set to acquire the bicycle division of Pacific Brands next month, effectively doubling its turnover.
  • Google buys Motorola. What next?

    2011-08-16 11:12:25 // // The Idealog Blog
    Google acquiring Motorola has the tech world buzzing. Here's what they're saying.
  • Shareholders, OIO support Charlie's takeover bid

    2011-07-25 10:38:38 //
    The majority of shareholders in Charlie's Group have moved to accept Japanese drink giant Asahi's takeover bid of 44 cents a share.
  • Xero to buy Australian payroll company, triples revenue

    2011-07-22 10:13:30 //
    Xero made a host of revelations at its annual general meeting, but continues to post a multimillion-dollar net loss.
  • Wellington's Aptimize snapped up by Californian outfit

    2011-07-21 09:28:40 //
    Wellington-based software company Aptimize has been bought by Silicon Valley-based Riverbed Technology in a move which will see its 10 employees relocate to San Francisco.
  • NZ tech company headed to Silicon Valley

    2011-06-30 09:00:00 //
    Litmos' American-centric business strategy has paid off, from setting up a Californian phone number to making its products look and feel as Americanised as possible. This month the The Devonport-based e-learning company was acquired by a large US software firm and will be moving to Silicon Valley—just “as soon as the visas come through”.