Nine has confirmed earlier media reports that it purchased the rest of digital venture Mi9 from Microsoft.
According to The Fin the deal was signed last night, and announced by the company this morning.
The company makes its money from display ads around content on the ninemsn.com.au website.
It was started a joint venture between Nine’s former owner and Microsoft in 1997, with each of them kicking in $25 million.
Read more about it here.
Now read: The Big Turnaround: Alan Joyce Says Qantas International Can Break Even In 2014-15
Follow Business Insider Australia on Facebook and Twitter