Trade Me Sells for $670 Million
Tuesday, March 7th, 2006The Fairfax publishing group continued the trend of Australia media companies pushing to acquire more of the web this week by purchasing New Zealand’s equivalent of eBay - Trade Me. eBay is present in NZ, but it doesn’t have the penetration that Trade Me has.
The sale of Trade Me netted it’s investors a cool $670 million. […]