Listening to: Gasps of shock

From Newswire:

Fairfax Holdings Limited has reached agreement to acquire Trade Me Limited for
NZ$700 million.

Trade Me accounts for over 60 percent of New Zealand’s web traffic.

The purchase price is NZ$700 million cash (A$625 million), or approximately 15.6
times expected 2007 EBITDA.

…

The privately-held Trade Me, the leading auctions and classified advertising site
in New Zealand, has 1.2 million members who are expected to host 35 million auctions
this year.

$583 per customer. 

This entry was posted on Sunday, March 5th, 2006 at 7:56 pm and is filed under Business, Software. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.