ComCom unconvinced about Trade Me buying homes.co.nz

Trade Me takeover of homes.co.nz will impact competition (Image: homes.co.nz)

Wed, 30 Jun 2021

Trade Me's proposed acquisition of property values site homes.co.nz is up in the air after the Commerce Commission said it has issues with the deal.The online auction and listings site reached a conditional agreement to buy the site from owner PropertyNZ in February for an undisclosed price.In a statement of unresolved issues, the commission said it is not convinced the deal will not substantially lessen competition across online classified advertising and listings information for residential properties, the benchmark necessary for it to cl...

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