Carsales.com to buy 51 percent in US firm Trader Interactive

By
Follow google news

Funded through equity raise.

Carsales.com to buy 51 percent in US firm Trader Interactive
Australian online auto classifieds firm Carsales.com has acquired the remaining 51 percent stake in US-based Trader Interactive for US$809 million (A$1.17 billion), a year after buying 49 percent in the Virginia-based online advertising company. Carsales.com in May 2021 had paid US$624 million ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
autocarsalesinteractiveonlinesoftwaretrader

Sponsored Whitepapers

5 reasons to adopt a mobile first security strategy
5 reasons to adopt a mobile first security strategy
Uncomplicate IT Service Delivery with AI Agents
Uncomplicate IT Service Delivery with AI Agents
Getting ahead of the tech: what’s next for Australian organisations in digital transformation
Getting ahead of the tech: what’s next for Australian organisations in digital transformation
Fintech compliance made fast and secure
Fintech compliance made fast and secure
How to evaluate SIEM solutions Safeguarding your future Get a demo Download guide
How to evaluate SIEM solutions Safeguarding your future Get a demo Download guide

Events

Most Read Articles

CBA builds two AI agents to boost cyber defences

CBA builds two AI agents to boost cyber defences
Coles sets up standard data streaming platform groupwide

Coles sets up standard data streaming platform groupwide
Superloop's AI push continues with billing system project

Superloop's AI push continues with billing system project
Microsoft rejigs Copilot teams

Microsoft rejigs Copilot teams
techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio

Log In

  |  Forgot your password?