ComCom rejects Trade Me's takeover of rival online auto marketplace Motorcentral

Thu, 08 Mar 2018

By Paul McBeth March 9 (BusinessDesk) - The Commerce Commission has rejected online auction site Trade Me's purchase of rival auto marketplace Motorcentral, saying it couldn't rule out the tie-up undermining competition in the market. The antitrust regulator turned down Trade Me's clearance to acquire Christchurch-based Limelight Software after almost eight months of reviewing the application. Wellington-based Trade Me wanted to run Limeight's Motorcentral as a standalone business, while also letting dealers upload their listings to a ra...

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