Sale or float among options for Trade Me

Australian media company Fairfax is undergoing a company-wide review which will include examining options for its New Zealand auction website Trade Me.

Fairfax general manager for investor relations Frank Sufferini told Radio New Zealand Trade Me is being reviewed along with the rest of the media empire, which includes the Dominion Post and Press newspapers.

Reports in Australia suggested a possible float of the Trade Me site is also one option under consideration.

Trade Me was acquired by Fairfax in 2006 in a $700 million deal and the auction site is now valued somewhere between $1 billion and $1.5 billion.

Comments from our readers

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes