Australian supermarket giant Woolworths offers $150 million for online retailer MyDeal

MyDeal is an Australian online retailer that focuses on helping consumers buy a variety of items at great prices, including bedroom furniture, mattresses, rugs, smartphones, dining chairs and more. Recently, Woolworth proposed on Friday to acquire an 80% stake in online retailer MyDeal.com for 217.4 million Australian dollars (about 152.88 million US dollars), hoping to cooperate with major online retail giants including Amazon (2146.38, 4.13, 0.19%) in Australia Compete.

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