Deal Snapshot to Acquire Remaining Stake in US Marketplace Operator Trader Interactive
Tuesday 28 June 2022

Australian automotive, motorcycle, and marine online marketplace Ltd plans to buy the remaining 51% of US-based marketplace operator Trader Interactive from the current investors, Eurazeo and Goldman Sachs Asset Management to bring their holding up to 100%, the company said.

The move to acquire Trader Interactive first started last year, when carsales purchased 49% of Trader Interactive in August of 2021, for USD 624m. The deal is expected to conclude in late 3Q22. The company will acquire the remaining stake for USD 809m.

Date Published: 28/06/2022