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

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

Funded through equity raise.

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 ...

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