CarSales spends $2.5m on domains FY2012

[findtim]

I was talking to a senior person at car sales a few months ago apparently the CEO loves domains and has a love for buying new ones...Apparently he has a huge portfolio of domains...

nice to have a big wallet and a hobby

tim

 

[smee]

After spending $636 million on The Trading Post in 2004, just as Ebay appeared on the horizon, Telstra have apparently now off loaded the iconic brand to Carsales.com. The Dutch company that sold it to Telstra must have been laughing all the way to the bank, after Telstra fought it out with Fairfax and Packer to take control of the company. I wonder what the brand is worth now?

http://www.theaustralian.com.au/bus...-fn91v9q3-1226461488871?from=hot-topics-ausit

 

[Blue Wren]

After spending $636 million on The Trading Post in 2004, just as Ebay appeared on the horizon, Telstra have apparently now off loaded the iconic brand to Carsales.com. The Dutch company that sold it to Telstra must have been laughing all the way to the bank, after Telstra fought it out with Fairfax and Packer to take control of the company. I wonder what the brand is worth now?

http://www.theaustralian.com.au/bus...-fn91v9q3-1226461488871?from=hot-topics-ausit

Interesting. Lets hope this gives eBay and Gumtree (owned by eBay), a run for their money.

Quicksales.com.au is owned by carsales.com.au. The whole domain/site family they own.

 

[neddy]

The whole domain/site family they own.

Great link - thanks Ian.

 

[aus11]

Do we have any idea what CarSales paid for TradingPost? Can't see it being anywhere near the $636m that Telstra paid for it.

 

[Shane]

Do we have any idea what CarSales paid for TradingPost? Can't see it being anywhere near the $636m that Telstra paid for it.

They didn't buy the Trading Post, they are just leasing it. I imagine it will lead to an eventual buyout though.

 

[aus11]

They didn't buy the Trading Post, they are just leasing it. I imagine it will lead to an eventual buyout though.

That's what I get for skimming the news article