Fairfax Says Trademe Another Online Acquisition

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Originally uploaded by benbarren.

The Peter Jackson of The Nascent Business Formely Known as Web 2.0 just flipped me this interesting acquisition of TradeMe Limited in NZ by Fairfax : "The purchase price is NZ$700 million cash (A$625 million), or approximately 15.6 times expected 2007 EBITDA." Roughly half a billion US dollars for a NZ site at a very fair 15 times ebit. It's all good downunder and across the Tasman. To show that not all businesses need to put money into design click here.