Woolworths Group to acquire an 80.2% stake in MyDeal.com for $136m.

Woolworths Group, an Australian trans-Tasman retailer, offered to acquire an 80.2% stake in MyDeal.com, an Australian online retail marketplace, for $136m. "The transaction is a highly attractive proposition for MyDeal sharehold and represents a significant premium to MyDeal's share price. I am excited to retain a significant and cont interest in MyDeal and to lead the business through its next stage of growth to become Australia's leading marketplace," Sean Senvirtne, MyDeal.com CEO.