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Industry: Email Alert RSS FeedGumtree.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.
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