Monday, September 14, 2009
ReachLocal Acquires Rest Of Australian Joint Venture
Woodland Hills-based ReachLocal, which operates an online marketing service targeted at local businesses, is announcing today that it has purchase the remaining interest in the firm's Australian joint venture partner, Netus Pty Ltd. No financial details of the acquisition were disclosed. ReachLocal said it now owns all of its international operations, which include Canada, the UK, and Australia. Australia was ReachLocal's first international market, which it entered in December of 2006.