UPDATE Trade Me signals more acquisitions, looks at longer bank loan

Wed, 20 Feb 2013

By Paul McBeth Feb. 20 (BusinessDesk) - Trade Me, the online auction site spun out of Fairfax Media in 2011, is in the market for more acquisitions, and may extend its $200 million bank loan. The Wellington-based company made three purchases last year - the holidayhomes.co.nz directory site, Tradevine inventory management tool and Autobase classifieds site - and plans to keep doing so. Chief executive Jon Macdonald said the company plans to keep investing as it seeks new growth opportunities, and "we'll likely augment our portfolio with j...

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