Trade Me sells Travelbug, Bookit for undisclosed sum

Mon, 05 Dec 2016

By Jonathan Underhill Dec. 5 (BusinessDesk) - Trade Me Group has sold its accommodation website Travelbug and online booking engine BookIt, to interests associated with the Torpedo7 sporting goods site for an undisclosed sum. Travelbug and BookIt both predate Trade Me's listing as a public company in 2012. The company launched Travelbug in 2007 and acquired BookIt in 2010. The sale is to Travel Booking Services 2016 LP, a limited partnership with investors that include the founders of the successful Torpedo7 and 1-day e-commerce busine...

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