Photo credit; David Beyer on Flickr.

The Sydney-based online job outsourcing website Freelancer.com has received a $US400 million takeover offer from a Japanese company.

Adelaide-born entrepreneur Matt Barrie, who owns 50% of the company, is currently mulling over the takeover offer.

The business has gone through massive growth since Barrie bought it as Getafreelancer.com in September 2007, when it had already signed up about 500,000 freelancers and fulfilled contracts worth about $US23 million.

Barrie said he had fielded several offers for minority investment by ­private equity and venture capital funds over the past four years.

“You name it and there’s a fund out there that has pitched to us,” he said.

He has also fielded offers “in varying levels of completeness” to sell the entire company, but has so far declined.

The company, with offices in Manila, London, Buenos Aires and Jakarta, says it has 8.8 million registered users and has facilitated $US1.2 billion worth of projects.

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Tags: Adelaide, Australia, business, Freelancer.com, jobs, online, outsourcing, Sydney

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