Scoop has an Ethical Paywall
Trade Me Seeks Clearance To Acquire homes.co.nz
The Commerce Commission has received a clearance application from Trade Me Limited seeking clearance to acquire 100% of the shares or assets of PropertyNZ Limited, which owns and operates the homes.co.nz website.
Trade Me owns and operates an online marketplace and classified advertising platform, trademe.co.nz. This includes Trade Me Property, an online platform for listing real estate for sale and rent. Trade me also provides property information and data through its “Property Insights” microsite, and sells digital advertising services to advertisers, including real estate agents.
The Homes.co.nz website is also a platform for listing real estate for sale, and provides property information and data. Like TradeMe Property, PropertyNZ sells digital advertising services to advertisers, including real estate agents.
A public version of the clearance application will be available shortly on the Commission’s case register.
Background
We will
give clearance to a proposed merger if we are satisfied that
the merger is unlikely to have the effect of substantially
lessening competition in a market.
Further information explaining how the Commission assesses a merger application is available on our website.
Commerce Commission: Systemic Breaches Of Consumer Law Lead To $1.5million Fine For Kiwibank
SolarZero: SolarZero Limited (in Liquidation) - Important Business Update
Science Media Centre: Cyclone Gabrielle's Impacts On NZ's Ecosystems - Expert Reaction
RNZ: Parts Of Power System Could Be Out For 36 Hours In Event Of Extreme Solar Storm
NZAS: New Zealand Association Of Scientists Awards Celebrate The Achievements Of Scientists And Our Science System
Stats NZ: Retail Spending Flat In The September 2024 Quarter
