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Gumtree.com acquired by eBay's Kijiji

Telecomworldwire, May 19, 2005

TELECOMWORLDWIRE-19 May 2005-Gumtree.com acquired by eBay's Kijiji(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com

Kijiji, eBay's (Nasdaq:EBAY) international classifieds group, has announced that it has acquired Gumtree.com, a classifieds web site based in London, UK.

The acquisition will serve to expand Kijiji's network of web sites and enables Gumtree to further scale its business with the resources of Kijiji and eBay.

Financial terms of the deal were not disclosed.

((Comments on this story may be sent to tww.feedback@m2.com))

COPYRIGHT 2005 M2 Communications Ltd.
COPYRIGHT 2005 Gale Group
 

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