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.
Bill Bennett: Fixed Voice Rules Head For Deregulation
UN Department of Global Communications: United Nations Proposes New Global Dashboard To Measure Progress Beyond GDP
Banking Ombudsman Scheme: Fraud Check Delays Well Worth The Inconvenience, Says Banking Ombudsman
Asia Pacific AML: NZ’s Financial Crime Gap - Beyond The 'Number 8 Wire' Mentality
Westpac New Zealand: Kiwi Households Adapting Despite Widespread Cost Pressure Concerns, Westpac Survey Shows
University of Auckland: Kids’ Screen Use Linked To Long-Term Deficits In Self-Control And Attention
