Top-tier frequent fliers at Qantas can escape the dreaded downgrade after the airline announced they will be able to maintain their status for an additional year by booking one eligible flight. While frequent flyer points are always welcome, the main game for serious flyers is the status levels that provide perks such as lounge access, […]
The Block mega-bidder Danny Wallis spends 6m Qantas points on auctions
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Bitcoin entrepreneur Kain Warwick is proving to be one of the best buyers in Sydney’s beachside eastern suburbs since the cryptocurrency boom, securing luxury houses from North Bondi to Tamarama and now Bronte for a total of $33.25 million.
The most recent purchase by the 40-year-old founder of derivatives trading platform Synthetix is the Bronte home of online gambling website founder Joshua Chan for $12.2 million – rumoured to be a home for his parents, Allana and Kim Warwick, the latter of whom is the renowned tennis legend and six-time grand slam champion.
Warwick’s purchase in a company name he owns with his wife Raphaella almost triples the $4.55 million Chan paid for the house in 2012 and was well above the $9.5 million guide offered by Raine & Horne’s Ric Serrao and PPD’s Alexander Phillips.
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The NSW government secretly offered $50 million to Qantas in exchange for the business making Project Sunrise a Sydney exclusive for five years and retaining its base in the state.
Treasurer Dominic Perrottet tabled the offer, obtained by the
SMH, to the airline’s chief executive, Alan Joyce, which also sought a commitment to no net job losses and the creation of 2,000 full-time roles over the first five years.
Qantas insists the document represents only a “draft offer”, while the NSW government said a final, binding deal has yet to be agreed.
Nonetheless, in May, Qantas announced that Sydney would be the launch city for Project Sunrise – though it remains unclear as to whether this means it would also be exclusive to the city, or for how long.
ASX-listed software security company IXUP is buying Data Republic’s $50 million tech platform for $3m
Simon Thomsen - June 7, 2021 2 MIN READ
Paul McCarney, co-founder of the failed tech startup Data Republic.
ASX-listed data security company IXUP Ltd (ASX:IXU) has scored a software bargain from the administrators of failed tech startup Data Republic, buying the data exchange’s intellectual property and IT for just $3 million.
The purchase price represents a 94% discount to the almost $50 million Data Republic spent building the platform. The acquisition came from a rapid-fire, contested sale process commenced by the administrators just three weeks ago.
Data Republic was placed in voluntary administration in early May after failing to find an additional $21-35 million from institutional investors to keep the tech startup, founded in 2014, afloat.
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