Yahoo7, the online portal in Australia that is a joint venture between Yahoo (NSDQ: YHOO) and Channel Seven, has done its first acquisition since it launched in 2006: it has bought online travel information site Totaltravel.com for $17 million. The travel site will be merged with Yahoo7’s own travel website and use Totaltravel.com’s large audience and subscriber base to promote Channel Seven shows including The Great Outdoors, the story says. Totaltravel has sites in Australia, New Zealand, and smaller sites in UK and U.S.; it was founded in 1999 and reports say has revenues of about $8.5 million a year with profits of about $2.5 million. Totaltravel.com says it has 167K listings across travel categories such as accommodation, restaurants, events, shops and attractions, and direct users to those for a referral fee.
The local management at Yahoo7 is looking at more acquisitions, the CEO said.

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