Carsales CEO Cameron McIntyre said it would cost more to buy the outstanding 51 per cent of Trader Interactive in a year’s time because of its rapid growth.
Indian Morning Briefing: Asian Markets Higher at Start of the Week morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
A solid start to the week with the ASX putting on nearly 2% led by the financial sector, although it was green right across the screen with all sectors finishing up on the day. Nice to see buying early that was supported throughout the day with the market closing.
(Reuters) - Australian online auto classifieds firm Carsales.com Ltd said on Monday it acquired the remaining 51% stake in U.S.-based Trader Interacti.